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A federal budget deficit exists when?
The federal government purchases exceed net taxes.
What results when expenditures exceed revenue?
A deficit is the result when expenditure exceeds revenue.
What is meant by surplus and deficit?
For a government that taxes and spends, there is revenue (income) and expenditures (outlays). When the expenditures exceed the revenue, the difference is a deficit, also referred to as a "shortfall". When revenue exceeds expenditures, there is money left over, and this is a surplus.
What must occur in order for an entrepreneur to earn a profit?
The amount of revenue the entrepreneur earns must exceed expenditures......enjoy Study island people
What do you mean by fiscal deficit?
When a government's total expenditures exceed the revenue that it generates (excluding money from borrowings). Deficit differs from debt, which is an accumulation of yearly deficits.
Which describes a budget in which expenditures exceed revenue?
budget deficit
A federal budget deficit exists when?
The federal government purchases exceed net taxes.
What results when expenditures exceed revenue?
A deficit is the result when expenditure exceeds revenue.
What is it called When tax revenues exceed expenditures?
Budget Surplus
When revenues exceed expenditures, _____.?
there is a budget surplus
What is meant by surplus and deficit?
For a government that taxes and spends, there is revenue (income) and expenditures (outlays). When the expenditures exceed the revenue, the difference is a deficit, also referred to as a "shortfall". When revenue exceeds expenditures, there is money left over, and this is a surplus.
How do you calculate Nigerian budget deficit?
To calculate Nigeria's budget deficit, subtract the total revenue (including taxes, fees, and other income) from total expenditures (government spending on services, infrastructure, and debt). If expenditures exceed revenue, the result is a budget deficit. This figure can be expressed as a percentage of the Gross Domestic Product (GDP) to assess its scale relative to the economy. Regularly updating and analyzing these figures helps in understanding the country's fiscal health.
What are the activities an entrepreneur should undertake in order to earn profits?
The amount of revenue the entrepreneur earns must exceed expenditures.
What must occur in order for an entrepreneur to earn a profit?
The amount of revenue the entrepreneur earns must exceed expenditures......enjoy Study island people
What do you mean by fiscal deficit?
When a government's total expenditures exceed the revenue that it generates (excluding money from borrowings). Deficit differs from debt, which is an accumulation of yearly deficits.
Does deficit occur when expenditures exceed revenues?
yes it exceeds.
What do you use to make sure your expenditures don't exceed your income?
ghs
