question archive A budget deficit is the: a

A budget deficit is the: a

Subject:EconomicsPrice:2.88 Bought3

A budget deficit is the:

a. excess of tax revenues over expenditures,

b. shortfall of Social Security collections toward payment of benefits,

c. annual excess of government spending over revenue raised by taxes, fees, and charges,

d. amount by which tax revenues and borrowed funds fall short of government expenditures.

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