A budget deficit means
...A budget deficit means
That a country is buying more than is selling
That a country is selling more than is buying
That a government is spending more than it takes in taxation
That a government is spending less than it takes in taxation
That a government is spending as much as it takes in taxation
Correct answer is C
A budget deficit occurs when the government spends more than it receives.
The following determine the level of consumption EXCEPT ...
An industry is described as a group of firms ...
The amount of money that a firm recieves from the sales of its output is called ...
The average revenue curve of a firm in a perfect market is the same as the ...
Concentrating industries in one place is advantageous because there are gains in terms of ...
One of the objectives of AfDB is to ...
When a country's net income from abroad is added to its total output, the result is ...
In Economics, market is defined as ...
Which of the following is a form of business enterprise? ...