Government officials of Country Z estimate that next year's public programs will cost $19 million but that tax revenues will be only $15 million. Which of the following statements is false?
A. If Country Z must borrow $4 million to pay for its public programs, its national debt will increase by $4 million.
B. Country Z's government is engaging in deficit spending.
C. Country Z's government could balance its budget by eliminating a program that costs $4 million.
D. Country Z's tax system is sufficient.
Answer: D
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