Question

Which of the following best describes what the diagram is showing?
a budget surplus
a budget deficit
a balanced budget
a plan to balance the budget

Answer 1

The correct answer is B) a budget deficit.

A budget deficit best describes what the diagram is showing.

A budget deficit is what happens when expenses exceed revenue, as it is shown in the diagram. The government uses the term when it mentions spending and the financial situation.

When there is a Budget deficit, the government is expending more than what it is receiving and this has an impact on the finances of the nation.

Answer 2

The diagram given below is most likely showing the phenomenon of a Budget deficit.

What is a budget deficit?

This refers to a scenario in a nation where the revenue to be made by the government, is less than its expenditure.

The diagram shows that the expenditure is heavier than the revenue which means that is is more than the revenue.

This is therefore a budget deficit.

Find out more on budget deficits at https://brainly.com/question/26010226.