Budget deficit flashcard sets

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budget deficit definitions
# Definition Sets
1a shortfall of tax revenue from government spending11 sets
2when the government spends more money than it collects in taxes8 sets
3an excess of expenditures over revenues7 sets
4a government may spend more than it takes in6 sets
5a situation in which the government spends more than it takes in6 sets
6a financial situation in which spending is greater than income or revenues5 sets
7the amount by which government spending exceeds revenue5 sets
8condition that arise when federal expenditures exceed revenues.4 sets
9more expenses than income (revenue).3 sets
10occurs when a government spends more than it takes in3 sets
11government may spend more than it takes in3 sets
12the amount by which government spending exceeds government revenue in a fiscal year3 sets
13when the gov't spends more money than it collects in taxes2 sets
14an excess of government spending over government receipts2 sets
15a situation in which the government spends more money than it takes in from taxes and fees.2 sets
16when a country spends more than it collects in taxes2 sets
17results when federal expenditures exceed federal revenues for a one year period2 sets
18the budget that occurs when spending is greater than receipts. appropriate during periods of unemployment.2 sets
19government expenditures that exceed receipts.2 sets
20as the government than it took in under carter, he created a seroius _______2 sets
21when a government spends more than it takes in2 sets
22expenditures exceed revenues2 sets
23the difference between what a government spends and what it collects in taxes in a given period g-t2 sets
24there were more expenditures than revenue received2 sets
25when the government spends more on programs than it collects in taxes2 sets
26gov spends more than it takes in2 sets
27spending more than what is brought in.1 set
28the amount by which government spending exceeds government revenue in a fiscal year.1 set
29a situation in which the govt. spends more than it take in.1 set
30when federal budget is greater than federal revenue1 set
31amount by which annual government expenditures exceed revenues1 set
32financial situation in which spending is less that income or revenues1 set
33when outlays exceed tax revenues1 set
34a situation in which the government spends more than it takes in, thus pumping more money into the economy.1 set
35in any given year when the federal budget exceeds federal revenue1 set
36government spending exceeds the amount it recieves in taxes1 set
37a government spends more then it takes1 set
38budget balance when expenditures > tax receipts1 set
39government spends more than it receives from taxes in a fiscal year1 set
40this occurs when expenditures exceed income1 set