The deficit is
A)the amount by which government purchases, transfers, and net interest exceed tax revenues.
B)the amount by which government purchases and transfers exceed tax revenues.
C)the primary deficit minus net interest payments.
D)total tax revenues minus net interest minus government expenditures.

Question

Quizplus · Accepted Answer

The deficit is defined as the amount by which government spending (including purchases, transfers, and net interest payments) exceeds its tax revenues.

The Deficit Is