If government expenditure exceeds revenue, this result in
ECONOMICS
JAMB 2009
If government expenditure exceeds revenue, this result in
- A. balanced budget
- B. national debt
- C. budget deficit
- D. budget surplus
Correct Answer: C. budget deficit
Explanation
A budget deficit occurs when expenses exceed revenue.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *