Question

What is a deficit?

1.) It is when a business spends more money than it collects.
2.) It is when a group of people combines its money to buy something.
3.) It is when a person suddenly gets a great deal of money.

Answer 1

1. It is when a business spends more money than it collects.

Step-by-step explanation:

Deficit is the under supply of a certain amount of money.