A situation in which the estimated government revenue is ...
A situation in which the estimated government revenue is less than the proposed expenditure for a given year can be described as
Surplus budgeting
Supplementary budgeting
Balanced budgeting
Deficit budgeting
Correct answer is D
If revenue expenses of the government exceed revenue receipts, it results in revenue account deficit. When the revenue is less than the estimated expenditure, it results to a budget deficit.
Utility of a commodity means? ...
All the following are the canons of taxation given by Adam Smith except ...
Agriculture plays a dominant role in West Africa economics because ...
Production covers all but one of the following activities: ...
Land as a factor of production is made useful through the ...
Identify one of the following which can NOT be used to close deflationary gap ...
Which of the following will increase the demand for labour? ...