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WAEC Economics 2025 Question 13

Question 13

Public Finance

In a deficit budget, the expected revenue would be

  1. A.lower than proposed expenditure.
  2. B.higher than proposed expenditure.
  3. C.falling as consumer's incomes increases.
  4. D.equal to proposed expenditure.
Show the answer and explanation

Answer: A (lower than proposed expenditure.)

Explanation

A deficit means spending is planned to exceed revenue.