Question

Which term describes a budget in which expenditures exceed revenue?

A. National budget
B. Balanced budget
C. Budget deficit
D. Budget surplus

Answer 1

It's C. Budget deficit

Answer 2

C. Budget deficit

Step-by-step explanation:

An expenditure refers to a cost, while revenue refers to the amount of money you have available to spend. If the amount you spend is greater than the amount of money you have available, you have a deficit. Another word for a deficit is a shortage. In other words, the budget is short money when you spend more money than you have available.