A Budget Deficit Occurs When Government Receipts Exceed Government Spending

question 146

True/False

A budget deficit occurs when government receipts exceed government spending.

---

Definitions:

Psychoanalytic Theory

A theory of personality development and psychological functioning that emphasizes unconscious processes, the significance of childhood experiences, and the roles of sexual and aggressive drives in shaping behavior.

Personality

A unique and long-term pattern of inner experience and outward behavior that leads to consistent reactions across various situations.

Straw

A thin tube made of plastic or other materials used for sucking liquids into the mouth.

Sociocultural Model

A theoretical model that examines how societal and cultural influences impact an individual's behavior and mental health.