Question

Please match term with the correct definition.

The difference between the amount the government collects and how much it spends is known as the:_______
When the preceding term is combined with all of the privately held savings from across the country, it is known as the:__________
If the government spends more money than it takes in through taxes, it will experience a:_________

a. Budget surplus
b. National savings
c. Capital inflow
d. Budget deficit
e. Budget balance

Answer 1

Budget balance, National savings, Budget deficit

Step-by-step explanation:

The difference between the amount the government collects and how much it spends is known as the Budget balance.

When the preceding term is combined with all of the privately held savings from across the country, it is known as the National savings.

If the government spends more money than it takes in through taxes, it will experience a Budget deficit.