Difference between revisions of "Budget deficit"
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==Definition== | ==Definition== | ||
According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | According to [[Principles of Economics by Timothy Taylor (3rd edition)]], | ||
| − | [[Budget deficit]]. When the federal government spends more than it collects in taxes in a given year. | + | :[[Budget deficit]]. When the federal government spends more than it collects in taxes in a given year. |
[[Category: Economics]][[Category: Articles]] | [[Category: Economics]][[Category: Articles]] | ||
Revision as of 08:52, 31 May 2020
Budget deficit is when the federal government spends more than it collects in taxes in a given year.
Definition
According to Principles of Economics by Timothy Taylor (3rd edition),
- Budget deficit. When the federal government spends more than it collects in taxes in a given year.
