Question

Leon wants to buy some headphones that cost $7.00, but he has only $1.75 in his budget. What is his budget deficit?

Answer 1

His budget deficit would be $ 5.25.

Explanation:

We know that,

Budget Deficit = Total Expenditures − Total budget

We have given,

Leon's budget for headphones = $ 1.75,

Also, expenditures in headphones or the price of headphones = $7.00,

Hence, the budget deficit in his budget = 7.00 - 1.75 = $ 5.25