A ______________________ is created each time the federal government spends more than it collects in taxes in a given year.
A. budget deficit
B. budget surplus
C. corporate tax
D. regressive tax
Answer:A
A ______________________ is created each time the federal government spends more than it collects in taxes in a given year.
A. budget deficit B. budget surplus C. corporate tax D. regressive tax
Explanation: Type: Multiple Choice