Question

1. if you spend more money than you earn, you have a budget ____- surplus- expense- deficit- need2. in addition to rent, you should budget for ____ like electricity, heating, and water.- wants- utilities- fixed expenses- charges

Explanation:

1. For the first question: A budget deficit occurs when spending exceeds income. Surplus is when income is higher than spending, expense is a single cost, and need refers to a requirement, so deficit is the correct term.
2. For the second question: Electricity, heating, and water are categorized as utilities—essential services for a home. Wants are non-essential items, fixed expenses are consistent costs (like rent), and charges are a broad, non-specific term, so utilities is the correct choice.

Answer:

1. deficit
2. utilities