DebtversusDeficit .doc - Read the article on Debt and...

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Read the article on Debt and Deficits and watch the videos, Budget Deficits and the Public Debt and What's Driving Up the Federal Debt? Then respond to the following questions/statements: 1. Define the national debt.
2. What is the federal deficit?
3. What is the difference between the national debt and the federal deficit?
4. Has the federal budget deficit increased or decreased in the past two years?

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