A Budget ________ Occurs When Government Expenditures Exceed Tax Revenues

question 21

Multiple Choice

A budget ________ occurs when government expenditures exceed tax revenues for a particular time period.

• A)deficit
• B)surplus
• C)surge
• D)surfeit

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Definitions:

Representative Democracies

A form of democracy in which citizens elect officials to govern on their behalf, making decisions and passing laws to guide the country.

Individual Rights

The basic freedoms and protections that belong to every person, empowering individuals by granting them entitlements and legal protections from abuses.

Elite Theory

Holds that small groups occupying the command posts of the most influential institutions make important decisions that profoundly affect all members of society. Moreover, they do so without much regard for elections or public opinion.

Political Participation

The engagement of citizens in political processes, such as voting, advocacy, and public debate, contributing to the governance and decision-making within a society.