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In 1982, the Total Expenditure of the Government of Kargenia

Question 91

Multiple Choice

In 1982, the total expenditure of the government of Kargenia, a European country, exceeded its revenue by a substantial amount. This forced the government of Kargenia to borrow funds to meet its legal obligations. In this scenario, the government of Kargenia incurred a _____ in 1982.


A) fiscal drag
B) budget deficit
C) debt brake
D) revenue backlog

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