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a. Tax revenues equal national savings plus the budget deficit.
b. The budget deficit equals tax revenues plus transfer payments.
c. Government spending equals private savings plus the budget
deficit.
d. The budget deficit equals government spending minus tax
revenues.

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a Tax revenues equal national savings plus the budget defic.pdf

  • 1. a. Tax revenues equal national savings plus the budget deficit. b. The budget deficit equals tax revenues plus transfer payments. c. Government spending equals private savings plus the budget deficit. d. The budget deficit equals government spending minus tax revenues.