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Sagot :
True.
When a government's spending is greater than it's revenues (income) then you accumulate a debt. This is also known as a budget deficit, as deficit means the amount by which a sum of money is too small.
When a government's spending is greater than it's revenues (income) then you accumulate a debt. This is also known as a budget deficit, as deficit means the amount by which a sum of money is too small.
Answer: True :)
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