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A budget deficit means

Economics
JAMB 1978

A budget deficit means

  • A. That a country is buying more than is selling
  • B. That a country is selling more than is buying
  • C. That a government is spending more than in takes in taxation
  • D. That a government is spending less than it takes in taxation
  • E. That a government is spending as much as it takes in taxation
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Correct Answer: Option C
Explanation

A budget deficit occurs when the government spends more than it receives.


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