A Budget Deficit Occurs When Tax Revenues Are Less Than

question 126

True/False

A budget deficit occurs when tax revenues are less than government spending.
A budget deficit is the amount by which government spending exceeds government revenue in a given time period.

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Definitions:

Code Category

A classification or grouping based on shared characteristics or rules, often used in data sorting or medical billing.

Bottom

The lowest or deepest part of something; often used in a variety of contexts from geographical locations to hierarchy in organizations.

Combination Code

A coding system used in healthcare that combines multiple aspects of a disease or condition into a single code.

Diagnosis

A physician’s determination of a patient’s condition, illness, or injury.