If what a government spends exceeds what it collects in taxes in a year, then the government is experiencing a:
A. government net revenue.
B. government net expenditure.
C. government budget deficit.
D. government budget surplus.
Answer:C
If what a government spends exceeds what it collects in taxes in a year, then the government is experiencing a:
A. government net revenue. B. government net expenditure. C. government budget deficit. D. government budget surplus.