When the government spends more than it receives within a fiscal year, this is called the
A) economic debt.
B) federal deficit.
C) fiscal debt.
D) national debt.
E) consumer debt.

Question

Quizplus · Accepted Answer

When the government spends more money than it receives in a fiscal year, it results in a federal deficit. The other options may also refer to the overall debt of a country or individual, but do not specifically relate to government spending within a fiscal year.

When the Government Spends More Than It Receives Within a Fiscal