jimboslice1025
jimboslice1025 jimboslice1025
  • 13-10-2016
  • Social Studies
contestada

Which term describes a budget in which expenditures exceed revenue?

A. National budget
B. Balanced budget
C. Budget deficit
D. Budget surplus

Respuesta :

littlesnix littlesnix
  • 13-10-2016
It's C. Budget deficit
Answer Link
dispyskirden
dispyskirden dispyskirden
  • 04-09-2019

Answer:

C. Budget deficit

Explanation:

An expenditure refers to a cost, while revenue refers to the amount of money you have available to spend. If the amount you spend is greater than the amount of money you have available, you have a deficit. Another word for a deficit is a shortage. In other words, the budget is short money when you spend more money than you have available.

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