The budget deficit is defined as OA. T-(G + TR), and this is positive. OB.T-(G + TR), and this is negative. OC. T+G + T...

Question

Question

The budget deficit is defined as OA. T-(G + TR), and this is positive. OB.T-(G + TR), and this is negative. OC. T+G + TR), an

business economics

Answer 1

Answer #1

Budget deficit is when government's Revenue is less than expenditure.

Revenue=T

Expenditure=G+TR

Answer-B

Answer 2

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