Question

answer the following questions.

1. select the best answer.

what does it mean if the federal government is operating a deficit budget?
the president is ignoring congress’s appropriations and is spending money as he pleases.
it is spending more than it takes in through revenue.
it is making loans to state governments.
it is spending less than it takes in through revenue.

Explanation:

A deficit budget occurs when government expenditures exceed its revenue (e.g., taxes, fees) in a given period. The other options are incorrect: ignoring appropriations is unrelated to deficit definition, making loans to states is a spending activity not defining deficit, and spending less than revenue is a surplus.

Answer:

It is spending more than it takes in through revenue.