_____ is the amount by which annual government spending exceeds tax revenues.

Question

Quizplus · Accepted Answer

The budget deficit is the amount by which annual government spending exceeds tax revenues. This means that the government is spending more money than it is collecting in taxes, and it will have to borrow money to make up the difference. The budget surplus, on the other hand, is when the government collects more in taxes than it spends, and the public debt is the total amount of money the government owes from previous borrowing. Government investment refers to the money that the government spends on infrastructure, education, and other public goods in order to promote economic growth.

_____ Is the Amount by Which Annual Government Spending Exceeds