Question

The ________ is determined by the amount by which government spending exceeds government revenue in a fiscal year. budget deficit gross domestic product reserve requirement gross national product inflation rate

Answer 1

The answer to this question is Budget Deficit. Budget Deficit shows that the government spending is exceeding the government revenue in a year. In order to resolve the problem in budget deficit the government should cut the expenditures or the government spending and find a way to increase revenue of the country.