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AP® Macroeconomics

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Federal Budget Deficits

APMACR-F4KEBP

Federal budget deficits are the result of

A

high imports.

B

interest payments on the national debt that exceed predicted amounts.

C

high unemployment which limits taxable income.

D

the federal government spending more than it did in the previous fiscal year.

E

spending by the federal government that is greater than its revenue from tax collection.