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History, 05.07.2019 08:00 shadestephen25

What is the difference between a deficit and a surplus a). a deficit is the amount of money gained as a result of taxation; a surplus is the amount of money lost as a result of spending. b). a deficit results when less money is spent than taken in; a surplus results when less money is taken in than spent. c). a deficit is the result of consecutive years of surpluses; a surplus is the amount of money that is greater than what is budgeted. d). a deficit results when more money is spent than is taken in; a surplus results when more money is taken in than is spent.

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