When government spending exceeds tax revenues during a specific time period, this is known as a
A) government budget deficit.
B) government budget surplus.
C) balanced budget.
D) public debt.

Question

Quizplus · Accepted Answer

When government spending exceeds tax revenues during a specific time period, it results in a government budget deficit. This means that the government is spending more money than it is taking in, which can lead to an increase in the public debt.

When Government Spending Exceeds Tax Revenues During a Specific Time