If a government spends $2.7 billion on government programs, and receives revenues of $2.3 billion, what does the country have?
A) a low GDP
B) a budget deficit
C) a high CPI
D) an expansionary policy

Name: If a government spends $2.7 billion on government programs, and receives revenues of $2.3 billion, what does the country have? A) a low GDP B) a budget deficit C) a high CPI D) an expansionary policy
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Question

Quizplus · Accepted Answer

The government has a budget deficit since its expenditures are higher than its revenues.

If a Government Spends $2