A deficit is ________.

Social Studies

1 answer:

horrorfan [7]3 years ago

4 0

Answer:

A deficit is the annual budget shortfall between revenues and expenditures.

Explanation:

The situation in which the revenue falls short of the expenses there occurs the budget deficit. When the expenses increases and the income becomes less, a deficit occurs. The budget deficit can be cut back by cutting or excluding some of the expenditures and by increasing the revenue respectively.

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