A federal budget deficit occurs when the government’s spending exceeds the amount of money it brings in. Please select the best

Question

svetlana [45]

3 years ago

6

A federal budget deficit occurs when the government’s spending exceeds the amount of money it brings in. Please select the best

answer from the choices provided T F

Social Studies

2 answers:

ivolga24 [154] · Answer 1 · 2022-02-22T03:55:30+03:00

ivolga24 [154]3 years ago

3 0

True! A deficit means you have less money than you have already spent

andrew-mc [135] · Answer 2 · 2022-02-22T05:31:24+03:00

Answer: T: True

Explanation:

A federal budget deficit is known to happen when the government uses more money than the amount of the income or revenue they get. Thus, this might be as a result of using more than the money government get or generate from taxes which can lead to financial loss.