Economics · Budget Deficit
A budget deficit occurs when which of the following conditions is met?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Tax revenue is equal to non-tax revenue
- 2Imports are exactly equal to total exports
- 3Total public expenditure exceeds estimated public revenue✓
- 4Public revenue exceeds total public expenditure
Correct answer
Total public expenditure exceeds estimated public revenue
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