A budget deficit occurs when tax revenues are less than government spending.
A budget deficit is the amount by which government spending exceeds government revenue in a given time period.

Name: A budget deficit occurs when tax revenues are less than government spending. A budget deficit is the amount by which government spending exceeds government revenue in a given time period.
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Question

Quizplus · Accepted Answer

A budget deficit occurs when government spending is higher than tax revenues. Therefore, option A is correct.

A Budget Deficit Occurs When Tax Revenues Are Less Than