Year to year,governments can produce budgets where outlays exceed revenue receipts.The total of all of these unpaid incidents is known as

Question

Quizplus · Accepted Answer

When a government's outlays exceed its revenue receipts consistently over time, it accumulates debt. Therefore, the correct term for the total of all of these unpaid incidents is debt, not deficit, surplus, real outlays, or budgetary activity.

Year to Year,governments Can Produce Budgets Where Outlays Exceed Revenue