WAEC Economics 2025 Objective — Question 41
Question 41 of 51 from the West African Examinations Council (WAEC) Economics 2025 Objective paper, with the correct answer and a full explanation.
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In a deficit budget, the expected revenue would be
- A. higher than proposed expenditure.
- B. lower than proposed expenditure.Correct
- C. equal to proposed expenditure.
- D. falling as consumers' incomes increase.
Explanation
A deficit budget is one where planned/projected revenue is lower than planned expenditure.
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