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A government budget deficit occurs when

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A government budget deficit occurs when

A government budget deficit occurs when
A) government spending is more than what it collects in taxes.
B) the value of U.S. imports exceed the value of U.S. exports.
C) foreign holdings of American assets exceed American holdings of foreign assets.
D) U.S. consumers buy more than U.S. producers produce.

Textbook

Foundations of Macroeconomics

Edition: 8^th

Authors: Bade, Parkin

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