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28 June, 12:45

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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  1. 28 June, 15:06
    0
    The answer is A because there is a loss of value of a countries with one or more foreign reference
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