​An excess of government revenues over expenditures results in a budget deficit  True  False

What is the concept of a budget deficit? A. Government spending exceeds government revenue B. Government revenue exceeds government spending C. Government spending is equal to government revenue D. Government debt is reduced to zero

Why do governments typically issue general long-term debt? What types of services might be limited if debt was no longer a financing option?

The government debt is None of these answers is correct. the total accumulation of deficits in the current period. the outstanding stock of bonds that have been issued in the past. equal to total tax receipts. the annual difference between government spending and tax revenues.