question 3 points 2 if your expenses are greater than your income, you have a ________. deficit surplus…

question 3 points 2 if your expenses are greater than your income, you have a ________. deficit surplus savings balanced budget

question 3 points 2 if your expenses are greater than your income, you have a ________. deficit surplus savings balanced budget

Answer

Brief Explanations:

When expenses exceed income in financial terms, it is defined as a deficit. A surplus occurs when income is greater than expenses. Savings are the amount left after expenses from income. A balanced budget means income equals expenses.

Answer:

A. deficit