By definition, a government budget deficit is the situation that occurs when the
A. government outlays exceed what it receives in taxes.
B. government miscalculated how much it will receive in taxes.
C. government spends money on things which do not produce revenue, such as schools.
D. economy goes into a recession.
Answer:A
By definition, a government budget deficit is the situation that occurs when the
A. government outlays exceed what it receives in taxes. B. government miscalculated how much it will receive in taxes. C. government spends money on things which do not produce revenue, such as schools. D. economy goes into a recession.