A Budget Deficit Refers to

Multiple Choice

A budget deficit refers to

A) the measure of economic growth that compares how much a system produces with the resources needed to produce it.
B) government spending more in one year than it takes in during that year.
C) the total of a country's exports minus its imports.
D) the total amount of money that Canada owes its creditors.
E) the exchange rate that is set so prices of similar products in different countries are the same.