Question

The government deficit can be reduced by ______ taxes or _____ expenditure.

A increasing; increasing Correct Answer Incorrect Answer
B increasing; decreasing Correct Answer Incorrect Answer
C decreasing; increasing Correct Answer Incorrect Answer
D maintaining; increasing Correct Answer Incorrect Answer

Solution

The government deficit can be reduced by increasing taxes or decreasing expenditure. A deficit is an amount by which the expenditures in a budget exceed the income. Amount of money in the set budget by which the government expenditure exceeds the government income amount.

Practice Next

Relevant for Exams:

×
×