The Federal budget deficit is found by:
A. subtracting government tax revenues plus government borrowing from government spending in a particular year.
B. subtracting government tax revenues from government spending in a particular year.
C. cumulating the differences between government spending and tax revenues over all years since the nation's founding.
D. subtracting government revenues from the noninvestment-type government spending in a particular year.

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16-12-2022
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The Federal budget deficit is found by:
A. subtracting government tax revenues plus government borrowing from government spending in a particular year.
B. subtracting government tax revenues from government spending in a particular year.
C. cumulating the differences between government spending and tax revenues over all years since the nation's founding.
D. subtracting government revenues from the noninvestment-type government spending in a particular year.

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varshamittal029 varshamittal029 · Answer 1 · 2022-12-20T08:05:10+01:00

The federal budget deficit is found by: subtracting government tax revenues plus government borrowing from government spending in a particular year.

The U.S. federal government's expenditures and revenues are included in the budget. The budget is the financial depiction of the government's priorities, reflecting previous arguments and opposing economic theories. When the federal government's spending exceeds its receipts, a deficit occurs. In fiscal year (FY) 2023, the federal government spent $336.41 billion more than it took in, creating a deficit in the economy.

About 65% of the budget is made up of mandatory expenses including Social Security, Medicare, and the Supplemental Nutrition Assistance Program. For FY 2022, it is predicted that budget expenses will total $1.873 trillion more than federal receipts.

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