A budget deficit means
...A budget deficit means
That a country is buying more than is selling
That a country is selling more than is buying
That a government is spending more than it takes in taxation
That a government is spending less than it takes in taxation
That a government is spending as much as it takes in taxation
Correct answer is C
A budget deficit occurs when the government spends more than it receives.
The main objective of production by entrepreneur is to ...
The determination of wages in a labour market depends on the______ ...
Which of the following is NOT strictly included In the study of economics? ...
Which of the following statement is TRUE of the effect of changes in demand and supply on price? ...
In the short run, the monopolistic competitors ...
Public expenditure can be financed from all the following sources except the ...
Which of the following factors enhances the ability of commercial banks to create money? ...
The distribution of goods by the price system is distorted when ...