A budget deficit
A)occurs when government receipts are less than spending.
B)occurs when government spending is less than receipts.
C)occurs when government receipts are equal to spending.
D)is the accumulation of years of government overspending.

Question

Quizplus · Accepted Answer

A budget deficit occurs when government receipts (i.e., revenue) are less than government spending. This means that the government is spending more money than it is taking in, which can lead to an accumulation of debt over time.

A Budget Deficit