Which of the following is true ?

Name: Which of the following is true ?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A budget deficit occurs when a government spends more than it collects in revenue, leading to a shortfall. If the government borrows money to make up for the shortfall, the national debt will increase. Therefore, a budget deficit will increase the national debt. Conversely, a budget surplus occurs when the government collects more revenue than it spends. In theory, this surplus can be used to pay down the national debt.

Which of the Following Is True