When government expenditure exceeds revenue, the government runs a:

Question

Accepted Answer

D. Budget deficit

1. Equal spending and revenue is a balanced budget.
2. Excess spending is a budget deficit.
3. It is the most common situation.
_Source: syllabus Introductory Macroeconomics, Chapter 5, Government Budget and the Economy._

Answer

Budget surplus

Answer

Balanced budget

Answer

Zero budget

When government expenditure exceeds revenue, the government runs a:

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