Question

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

Answer 1

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

Answer 2

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.