Which of the following is the best example of a budget deficit?

A. Government revenues exceed government spending

B. Personal income equals personal spending

C. Government revenues fall short of government spending

D. Personal savings impacts personal income

Answer: C. Government revenues fall short of government spending

Explanation: A budget deficit is a situation when spending exceeds income. It could be because of a financial loss during a period where expenses exceed revenues. The term in general is used for governments, although individuals, companies, and other organizations can run under deficits too. There are numerous situations that can cause spending to exceed revenue. For example, during recessions governments also lose revenue. As workers lose jobs, there aren't enough taxes coming in. Spending can easily outpace revenue if the consequences of debt aren't too painful.

Hi how are you today the answer of question will be C