The budget of an economy is said to be in deficit when:
a. there is a loss of value of a country's currency with respect to one or more foreign reference currencies.
b. anticipated inflation rate exceeds its actual rate.
c. federal revenues exceed outlays.
d. federal outlays exceed revenues.
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Home » Business » The budget of an economy is said to be in deficit when: a. there is a loss of value of a country's currency with respect to one or more foreign reference currencies. b. anticipated inflation rate exceeds its actual rate. c.