4
Question
Which of the following exists when expenditures exceed revenue from taxes?
Which of the following exists when expenditures exceed revenue from taxes?
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Solution
The correct option is B Budget deficit
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 government 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 government spending rather than business or individual spending, but can be applied to all of these entities.
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