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What happens to government spending and revenue during a budget deficit?
A
A budget deficit occurs when government revenue and spending both fall over a period.
B
A budget deficit occurs when government revenue exceeds spending over a period.
C
A budget deficit occurs when government spending exactly equals revenue over a period.
D
A budget deficit occurs when government spending exceeds revenue over a period.
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5.2.2 distinction between a government budget deficit and a government budget surplus Flashcards
22 flashcards on CIE Intl A Level Economics 5.2.2 distinction between a government budget deficit and a government budget surplus: the key terms and definitions you need to recall.