Credit and Debt - GED Social Studies

Card 1 of 5

0
Didn't Know
Knew It
0
1 of 54 left
Question

In economics, a deficit is best described as                     

Tap to reveal answer

Answer

In economics, a deficit occurs when the amount of money being spent (expenditures) exceeds the amount of money being collected (revenue) over a given period of time.

← Didn't Know|Knew It →