The amount by which government expenditures exceed revenues during a particular year is the
A) public debt.
B) budget deﬁcit.
C) full employment.
D) GDP gap.

Question

Quizplus · Accepted Answer

A budget deficit occurs when government spending exceeds government revenue for a particular year, resulting in an increase in the public debt. The other options, public debt, full employment, and GDP gap, do not directly relate to government expenditures and revenues.

The Amount by Which Government Expenditures Exceed Revenues During a Particular