Budget deficit is the amount by which?
ECONOMICS
JAMB 1991
Budget deficit is the amount by which?
- A. total expenditure exceeds revenue
- B. recurrent expenditure exceeds revenue
- C. capital expenditure exceeds revenue
- D. recurrent expenditure exceeds capital expenditure
Correct Answer: A. total expenditure exceeds revenue
Explanation
Budget deficit is the amount by which a government's expenditures such as defense, social security, science, energy and expenditure on infrastructure, etc. exceed its total income which comes principally from taxes, duties.
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