By definition, a government budget deficit is the situation that occurs when the
A) government spends money on things which do not produce revenue, such as schools.
B) government miscalculated how much it will receive in taxes.
C) economy goes into a recession.
D) government outlays exceed what it receives in taxes.

Question

Quizplus · Accepted Answer

A government budget deficit occurs when the government spends more money on programs, services, and infrastructure than it collects from taxes and other sources of revenue. This leads to an increase in the national debt and can have negative consequences for the economy and future generations.

By Definition, a Government Budget Deficit Is the Situation That