Budget deficit

From CNM Wiki

Revision as of 08:52, 31 May 2020 by Kevmwangi (talk | contribs)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Jump to: navigation, search

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.

Retrieved from "https://pravka.bskol.com/w/index.php?title=Budget_deficit&oldid=47326"