What is the difference between the federal budget deficit and federal government debt?

a. the federal budget deficit is the year-to-year short fall in tax revenues relative to government spending (t < g + tr), financed through corporate bonds. the federal government debt is the accumulation of all past deficits.
b. the federal budget deficit is the year-to-year surplus in tax revenues relative to government spending (t > g + tr), financed through government bonds. the federal government debt is the accumulation of all past deficits.
c. the federal budget deficit is the year-to-year short fall in tax revenues relative to government spending (t < g + tr), financed through government bonds. the federal government debt is the accumulation of all past deficits.
d. the federal budget debt is the year-to-year short fall in tax revenues relative to government spending (t < g + tr), financed through government bonds. the federal government deficit is the accumulation of all past debts.

C) The federal budget deficit is the year-to-year short fall in tax revenues relative to government spending (T < G + TR), financed through government bonds. The federal government debt is the accumulation of all past deficits.

Explanation:

Budget Deficit by definition is the shortfall in the budget as spending exceeds the budgeted tax revenues for the governments. They are indeed funded by government borrowing by issuing of bonds and borrowing money from the federal reserve.

The federal government debt or also called the national debt is the net accumulation of all the borrowed amount that is used by the government to deficit finance the budget in the current year and the previous years.

In return if a budget in a year turns surplus, that is the spending is less than revenue, it can help lower the national debt if the government policies allow.

Hope that helps.

A.

Explanation:

Government deficit normally occurs when governments expenditure is more than revenue for a particular year, leading to loss.

While government debt is the totality of all previous outstanding payment both external or domestic.

answer; i believe that the correct answer is client agreement;

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported