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The federal government often spends more money than it takes in each year. it then borrows money to make up the difference. what is this called

The federal government often spends more money than it takes in each year. it then borrows money to make up the difference. what is this called
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The federal government often spends more money than it takes in each year. it then borrows money to make up the difference. what is this called

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User Aaron Dougherty
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1 Answer

6 votes
It is called a deficit.
answered
User Isabel Jinson
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9.1k points
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