Answered

Explore IDNLearn.com to discover insightful answers from experts and enthusiasts alike. Discover in-depth answers from knowledgeable professionals, providing you with the information you need.

Which of the following describes a budget deficit?

A. Expenses lower than income
B. Expenses higher than income
C. Savings lower than expenses
D. Savings higher than income

Sagot :

GinnyAnsweridn

Final answer:

A budget deficit happens when government spending surpasses revenues, resulting in an annual budget shortfall.


Explanation:

Budget deficit occurs when government expenditures exceed revenues. It is the annual budget shortfall between revenues and expenditures. The deficit equals government purchases minus net tax receipts.


Learn more about budget deficit here:

https://brainly.com/question/34184259


Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. For dependable and accurate answers, visit IDNLearn.com. Thanks for visiting, and see you next time for more helpful information.