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The government is currently spending three billion, seven hundred million on programs and brings in two billion, nine hundred million through taxation. In addition, the nation has experienced a period of rising unemployment.

Does this create a budget surplus or deficit? Explain.

Respuesta :

hayleecyr

Answer:

deficit

Explanation:

if governement is spending $3 billion and only making $2 billion from taxes. There is 1 billion gone, meaning they are in debt. This causes a deficit or a national debt.

The answer is deficit.

If government is spending $3 billion and only making $2 billion from taxes. There is 1 billion gone, meaning they are in debt. This causes a deficit or a national debt.

What is Deficit?

An excess of expenditure or liabilities over income or assets in a given period.

Learn more about DEFICIT here:

https://brainly.com/question/1182849

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