Examlex
Use the Power Rule
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Federal Budget Deficit
The shortfall when a government's expenditures exceed its revenues within a specified fiscal period.
National Debt
The aggregate financial borrowing of a country's government, acquired through multiple methods.
Public Debt
The total amount of money that a government owes to creditors, often as a result of deficit spending.
Federal Government Deficits
Occurs when a government's expenditures exceed its revenues during a specific fiscal period, leading to borrowing or debt accumulation.
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