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WAEC Economics 2000 Question 33

Question 33

Public Finance

Deficit budget means that government's

  1. A.expenditure is equal to revenue
  2. B.planned expenditure is more than the estimated income
  3. C.planned income and expenditure targets cannot be achieved
  4. D.expenditure is less than estimated government revenue.
Show the answer and explanation

Answer: B (planned expenditure is more than the estimated income)

Explanation

A deficit budget is one in which planned spending is greater than expected revenue.