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Chapter 11 Section 2

Legislative

TermDefinition
Direct Tax A tax that must be paid by the person on whom it is levied.
Indirect Tax A tax levied on one party but passed on to another for payment.
Deficit Financing Practice of funding government by borrowing to make up the difference between government spending and revenue.
Public Debt All of the money borrowed by the government and not yet repaid, plus the accrued interest on that money; also called the national debt or federal debt.
Created by: TheSquad
Popular American Government sets

 

 



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