The city government spent $500 million more than it had in tax revenue this year. What would be the impact on the city's budget and
national debt?
es 01)
A)
There is a budget surplus and no impact on the national debt.
B)
Eliminate
There is a budget surplus and the national debt will decrease.
I
C)
There is a budget deficit and the national debt will decrease.
D
D)
There is a budget deficit and the national debt will increase.
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