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  • 24-01-2024
  • Social Studies
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If a country government collects $1 trillion in taxes, spends 1 trillion on goods and services, and borrows 200 million in a year, what is the country budget deficit or surplus for that year?

a. $200 billion surplus.
b. $200 million surplus.
c. $200 billion deficit.
d. $200 million deficit.

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