When does a budget deficit occur
A)when government receipts are less than spending
B)when government spending is less than tax revenue
C)when government receipts plus tax revenue is less than spending
D)when government spending plus tax revenue is less than government receipts

Question

Quizplus · Accepted Answer

A budget deficit occurs when the government's receipts (i.e. revenue from taxes, fees, and other sources) are less than its spending. In other words, the government is spending more money than it's taking in.

When Does a Budget Deficit Occur