JAMB Economics 2009 Objective — Question 32

Question 32 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2009 Objective paper, with the correct answer and a full explanation.

If government expenditure exceeds revenue, this results a

A. balanced budget
B. national debt
C. budget deficitCorrect
D. budget surplus

Explanation

Budget deficit is the type of budget in which the proposed expenditure exceeds the estimated revenue.

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