types of economies, business cycle, taxes, fiscal/monetary test\nwhen the government spends more money than…
types of economies, business cycle, taxes, fiscal/monetary test\nwhen the government spends more money than it brings in, it is called?\nsurplus\ndeficit
Answer
Brief Explanations:
In economics, a surplus occurs when revenue exceeds spending. A deficit is when spending exceeds revenue. Since the government is spending more than it brings in, it's a deficit.
Answer:
B. Deficit