If a government is running deficit, this means
Question
If a government is running deficit, this meansOptions
A)
A term of trade are unfavourable
B)
more project cannot be undertaken
C)
Tax inflow is greater than expenditure
D)
aggregate demand is greater than aggregate supply
E)
tax inflow is less than expenditure
Related Lesson: Twin Deficits? | Impacts of Government Borrowing
The correct answer is E.
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