Which of the following describes the situation where all taxes and other revenues are less than expenditures during a given period?

Related MCQs

• Which of the following taxes is the most likely to be regressive?
• Which of the following are indirect taxes?
• The following is an example of direct taxes:
• The maximum effect of direct taxes is on
• A market failure can best be defined as a situation where:
• All other things being equal, a substantial cut in the rate of income tax in the short run is most likely to reduce:
• If the economy is in an inflationary period, what action would Fiscal Policy most likely take?
• The Finance Commission does all the following functions except one, which is that?
• Economic functions of the government are all the following EXCEPT to .
• The income of the government through all its sources is called