Domestic deficit is the difference between:
A) domestically derived revenue and international governments' expenditure.
B) domestically derived revenue and exports.
C) domestically derived revenue and imports.
D) domestically derived revenue and domestic government expenditure.

Question

Quizplus · Accepted Answer

Domestic deficit refers to the shortfall that occurs when a country's domestically derived revenue is not sufficient to cover its domestic government expenditure. This is a measure of how much the government needs to borrow to cover its expenses if it spends more than it earns from domestic sources.

Domestic Deficit Is the Difference Between