Question

What does it mean if the federal government is operating a deficit budget?

A.
The President is ignoring Congress’s appropriations and is spending money as he pleases.
B.
It is making loans to state governments.
C.
It is spending less than it takes in through revenue.
D.
It is spending more than it takes in through revenue.

Answer 1

Answer: D

Explanation: A budget deficit is when a governments expenses exceed the amount of revenue they have.