When tax revenues are less than spending, there is a
A)budget surplus.
B)budget deficit.
C)budget supplement.
D)government absorption.
E)balanced budget.

Name: When tax revenues are less than spending, there is a A)budget surplus. B)budget deficit. C)budget supplement. D)government absorption. E)balanced budget.
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Question

Quizplus · Accepted Answer

A budget deficit occurs when tax revenues are less than spending, meaning that the government is spending more money than it is taking in through taxes.

When Tax Revenues Are Less Than Spending, There Is a