A budget deficit occurs when a nation:
A)reduces its expenditures.
B)receives excess taxes.
C)has no national debts.
D)spends more than it takes in from taxes.
E)balances taxes and expenditures.

Name: A budget deficit occurs when a nation: A)reduces its expenditures. B)receives excess taxes. C)has no national debts. D)spends more than it takes in from taxes. E)balances taxes and expenditures.
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Question

Quizplus · Accepted Answer

A budget deficit happens when a nation's expenditures exceed its tax revenues.

A Budget Deficit Occurs When a Nation