Explain budget deficit
Explain why a budget deficit in a given year when the unemployment rate is 10 percent could be, in fact, a surplus in that year if the unemployment rate were 5 percent. The discussion explains what a budget deficit is and why it occurs.
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Explain why a budget deficit in a given year when the unemployment rate is 10 percent could be, in fact, a surplus in that year if the unemployment rate were 5 percent.
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