The practice by Governments in which a government spends more money than it receives as revenue is referred to as:

Related MCQs

• The difference between revenue expenditure and revenue receipts is
• Velocity of circulation of money means the number of times a unit of money
• When the nation's money supply is Rs. 1200 billion and GDP is Rs. 4800 billion, velocity of circulation money is:
• If quantity of money increases 100%, other things remaining constant, value of money changes by:
• Value of money and supply of money are related:
• The ratio of change in the national income in relation to the change in government spending that causes it is referred to as:
• Old age pension is “National Old Age Pension Schemes”, “Interest payments”, “Subsidies”, “Unemployment allowances”, “Welfare benefits to weaker sections, etc.” By incurring such expenditure, the government does not get anything in return, but it adds to the welfare of the people, especially belong to the weaker sections of the society. Such expenditure basically results in redistribution of money incomes within the society.
• When value of money falls, they benefit more:
• The most important source of revenue to the states is
• In a free market economy, self-interested individuals operate through a system of mutual interdependence to promote the general benefit of society at large. Adam Smith referred this as: