A budget deficit means

  • A That a country is buying more than is selling
  • B That a country is selling more than is buying
  • C That a government is spending more than in takes in taxation
  • D That a government is spending less than it takes in taxation
  • E That a government is spending as much as it takes in taxation
jamb 1978economics

The correct answer is C. That a government is spending more than in takes in taxation

A budget deficit occurs when the government spends more than it receives.

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