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QUESTION

When the governments expenditures exceed its tax revenues, the budget has a deficit and the national debt is increasing is balanced and the national

When the governments expenditures exceed its tax revenues, the budget

has a deficit and the national debt is increasing

is balanced and the national debt is increasing

has a surplus and the national debt is increasing

has as a deficit and the national debt is decreasing

none of the above because by law the governments expenditures can not exceed its tax revenue

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