Answer: True.
A budget deficit occurs when <u>expenditures exceed revenue</u>. The government collects revenue mainly in the form of taxes. If the government spends more in a year than the money it has collected, it has a budget deficit. The difference needs to be obtained by borrowing money, normally in the form of government bonds.
If the government has budget deficits in separate years without being paid off, these start to accumulate. The accumulation of this borrowed money is what is called the national debt.
Answer:
the case must be appealed to the u.s circuit court with jurisdiction over the taxpayer's case.
Explanation:
The losing party should appeal the case in a United States circuit court with jurisdiction over the taxpayer's case.
By allowing items to get to the us quicker