Economics · Public Finance
Which of the following statements best describes a budget deficit?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1When the central bank prints extra currency to cover public debt
- 2When the fiscal deficit of a country is reduced to zero
- 3When the government's total revenue exceeds its total expenditure
- 4When the government's total expenditure exceeds its total revenue✓
Correct answer
When the government's total expenditure exceeds its total revenue
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