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The Federal Budget: an Overview Source: Budget of the United

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The federal budget: An overview  The federal budget: An overview   Source: Budget of the United States Government,Fiscal Year 2017: Historical Tables (Washington, D.C.: U.S.Government Printing Office,2016) ,Tables 1.1 and 7.1. Note: Data are estimates for fiscal year 2017. -Based on the graph,what is a budget deficit? A) the amount the nation owes to other countries -Consider This: This is the national debt.Deficits can feed into this,but the two are not synonymous. B) the difference when expenditures exceed revenues C) the cost of social services the government offers D) the money the government has left to spend at the end of the year Source: Budget of the United States Government,Fiscal Year 2017: Historical Tables (Washington,
D.C.: U.S.Government Printing Office,2016) ,Tables 1.1 and 7.1.
Note: Data are estimates for fiscal year 2017.
-Based on the graph,what is a budget deficit?


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