A government deficit occurs when
A) the government spends more than what it gets in taxes.
B) public goods are worth less than what was paid for them.
C) a government loses an election.
D) the government still has Treasury bonds to reimburse.

Question

Quizplus · Accepted Answer

A government deficit occurs when the government spends more money than it receives in tax revenue. This can result in the government borrowing money to cover the difference, and creating a national debt.

A Government Deficit Occurs When