What characterizes a deficit financial situation?

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Economics · Economics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Government expenditure is more than income.

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Answer 1

Government expenditure is less than income.

Answer 2

Government expenditure is more than income.

Answer 3

Government expenditure and income are equal.

Answer 4

None of these.

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