10 people in debt are often said to have a bu...
10 people in debt are often said to have a budget deficit. what does that mean? a they never set up a budget, which directly led to their debt b they only set up one budget for the year, when they should have set up more than one c their expenditures exceeded their income d they had no income
Answer
# Brief Explanations:
A budget deficit occurs when spending (expenditures) is greater than earnings (income), which can lead to debt. Option A is about lack of budgeting, B is about number of budgets, and D is about absence of income, none of which define a budget - deficit.
# Answer:
C. Their expenditures exceeded their income