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Question
When the total income of a family is less than its total expenditure then it is called __________.
When the total income of a family is less than its total expenditure then it is called __________.
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Solution
The correct option is B Deficit Budget
A
budget deficit is an indicator
of financial health in which expenditures exceed revenue. The term budget deficit is most commonly used
to refer to family spending rather than business or individual spending, but
can be applied to all of these entities.
A budget deficit is an indicator of financial health in which expenditures exceed revenue. The term budget deficit is most commonly used to refer to family spending rather than business or individual spending, but can be applied to all of these entities.
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