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) revenue deficit
B) budget deficit
C) debt brake
D) revenue backlog
Correct Answer:
Verified
Correct Answer:
Verified
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