Question

when your expenses are more than your income you have _____.
A. assets
B. excess expense
C. a surplus
D. a deficit

Answer 1

D. a deficit would be the answer to your question

Answer 2

Answer:

When your expenses are more than your income you have DEFICIT.

Hence, option: D is the correct answer.

Step-by-step explanation:

Deficit is defined as a excess of expenditure or liabilities over income or assets in a given time period.

Also in general we may say a deficit is the amount by which a resource, especially money  fall short of some reference amount.

Hence, option: D is the correct answer.

( A deficit)