Question

Keith wants to buy an address book that costs $5.00, but he has only $1.25 in his budget. What is his budget deficit?

Answer 1

Deficit means how much money he lacks, so if he has $1.25 and needs $5.00, his deficit is $1.25 - $5.00 = -$3.75. Keith's budget deficit is -$3.75.

Answer 2

Answer: Keith's budget deficit by $3.75.

Step-by-step explanation: Given that Keith wants to buy an address book that costs $5.00, but he has only $1.25 in his budget.

We are to calculate the deficiency in his budget.

Cost price of the book = $5.00.

And, Keith's budget = $1.25.

So, the cost of the book is greater than Keith's budget.

Therefore, the deficiency in Keith's budget is given by

`\$(5.00-1.25)=\$3.75.`

Thus, Keith's budget deficit by $3.75.