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  2. AP Macroeconomics
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Deficits and the National Debt

Ava Garcia

Ava Garcia

3 min read

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Study Guide Overview

This study guide covers government budgets (surplus, deficit, and national debt), fiscal policy (stimulus and restraint), and their relationship. Key concepts include revenue and expenditures, the impact of deficits on the national debt, and the significance of the US national debt's size.

#AP Macroeconomics: Budget, Debt, and Fiscal Policy - The Night Before

Hey! Let's make sure you're totally ready for the AP Macro exam. We're going to break down budget deficits, national debt, and how it all connects to fiscal policy. Let's do this!

#Government Budgets: Surplus, Deficit, and Debt

# Budget Basics

  • Federal Budget: A 12-month projection of g...
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Question 1 of 8

Ready to ace this? 😎 According to the text, what is a Federal Budget?

A summary of all private sector spending

A 12-month projection of government spending and revenue, starting October 1st

A detailed account of the national debt

A record of all taxes collected by the federal government