Economics · Public Finance
In which of the following situations does the government run a deficit budget?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1When the government revenue exceeds expenditure.
- 2When the government expenditure equals revenue.
- 3When the government expenditure exceeds revenue.✓
- 4When the government expenditure and revenue both are zero.
Correct answer
When the government expenditure exceeds revenue.
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