asked 98.7k views
2 votes
A budget deficit is the _____.

A. revenue earned by the government
B. amount overspent in a certain time
C. the effects of fiscal policy

1 Answer

4 votes
"B. amount overspent in a certain time" is the only correct choice here.

Here's why:

The definition of budget deficit: A budget deficit is an indicator of financial health in which expenditures exceed revenue. The term budget deficit is most commonly used to refer to government spending rather than business or individual spending but can be applied to all of these entities.

So, this means basically that the government is overspending, as indicated in the answer choice B.

I hope my response satisfies your query. Please comment if you require further assistance.
answered
User Chandlervdw
by
7.7k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.