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Social Studies

1 answer:

ZanzabumX [31]3 years ago

3 0

Answer:

large projected surpluses turned to large deficits. For fiscal years 2001 through 2008, the last full fiscal year before President Bush left office, the $3.5 trillion of surpluses that CBO had projected for these years turned into deficits of $2 trillion. [3] A look behind these numbers is revealing.

A government experiences a fiscal deficit when it spends more money than it takes in from taxes and other revenues excluding debt over some time period. This gap between income and spending is subsequently closed by government borrowing, increasing the national debt.

Explanation:

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I think it's the last one.

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1.Of the three regions, which was the parent nation?

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The colonists learned early to defy the authority of the English government. ... From the West Indies, molasses and sugar are sent to the 13 colonies. From the 13 colonies, raw iron and rum are shipped to Africa. These are traded for more slaves, and the process starts over again.

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