Examlex
Which of the following is mismatched?
Deficit
An economic condition when a government's expenditures exceed its revenues, leading to borrowing or spending reserves.
National Debt
The sum of funds that a nation's government has acquired through different borrowing methods.
Deficit
A financial situation where expenses exceed revenues, income, or assets for a certain period, often referring to government budgets.
Federal Budget Deficit
The financial situation where the government's expenditures exceed its revenues in a given fiscal year, leading to borrowing.
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