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Refer to the following figure when answering the following questions.
Figure 18.1: Federal Government Receipts and Outlays, 1990-2012 (Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-Consider Figure 18.1. The federal government ran a surplus during the period:
General Partnership
A business structure where two or more individuals own and operate a business in partnership, sharing profits, losses, and liabilities.
Leveraged Buyout
The acquisition of another company using a significant amount of borrowed money to meet the cost of acquisition.
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