AP Macroeconomics Question 148: Answer and Explanation

Test Information

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Question: 148

2. A federal deficit occurs when

  • A. exports exceed imports.
  • B. imports exceed exports.
  • C. federal tax collections exceed spending.
  • D. federal spending exceeds federal tax revenues.
  • E. the federal government spends less than last year.

Correct Answer: D

Explanation:

(D)