Economics | Government: Tax=Revenue=Income Citizen: Salary=Income Cost of operations/living=Expense What is owed=Debt Expense exceeds Income=Deficit Bor | image tagged in revenue,income,deficit,debt,taxes | made w/ Imgflip meme maker
81 views, 2 upvotes, Made by Kato1969 12 months ago revenueincomedeficitdebttaxes
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Government: Tax=Revenue=Income; Citizen: Salary=Income; Cost of operations/living=Expense; What is owed=Debt; Expense exceeds Income=Deficit; Borrowing to offset the Deficit=Debt; There are three ways to reduce the Deficit: Increase Income, Decrease Expense or Both; There is one way to reduce the debt:; Pay It!
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