AA company runs in lossCorrect AnswerIncorrect Answer
BGovernment’s total revenue exceed the total expendituresCorrect AnswerIncorrect Answer
CGovernment’s total expenditures exceed the total revenueCorrect AnswerIncorrect Answer
DWhen a country’s government, businesses and individuals import more goods, services and capital than they exportCorrect AnswerIncorrect Answer
EBad accounts of a companyCorrect AnswerIncorrect Answer
Solution
A fiscal deficit occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings. Deficit differs from debt, which is an accumulation of yearly deficits.
