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    Question

    Fiscal Deficit occurs when

    A A company runs in loss Correct Answer Incorrect Answer
    B Government’s total revenue exceed the total expenditures Correct Answer Incorrect Answer
    C Government’s total expenditures exceed the total revenue Correct Answer Incorrect Answer
    D When a country’s government, businesses and individuals import more goods, services and capital than they export Correct Answer Incorrect Answer
    E Bad accounts of a company Correct Answer Incorrect Answer

    Solution

    A fiscal deficit occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings. Deficit differs from debt, which is an accumulation of yearly deficits. 

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