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Budget deficit is the amount by which?

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Economics JAMB 1991

Budget deficit is the amount by which?

  • total expenditure exceeds revenue checkmark
  • recurrent expenditure exceeds revenue
  • capital expenditure exceeds revenue
  • recurrent expenditure exceeds capital expenditure

The correct answer is: A

Explanation

Budget deficit is the amount by which a government's expenditures such as defense, social security, science, energy and expenditure on infrastructure, etc. exceed its total income which comes principally from taxes, duties.
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