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What is a budget deficit? (2019)

Practice Questions

1 question
Q1
What is a budget deficit? (2019)
  1. When expenses exceed revenue
  2. When revenue exceeds expenses
  3. When there is no surplus
  4. When the budget is balanced

Questions & Step-by-step Solutions

1 item
Q
Q: What is a budget deficit? (2019)
Solution: A budget deficit occurs when expenses exceed revenue, indicating that the government is spending more than it earns.
Steps: 0

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