A person has a budget with a deficit because his income exceeds his expenses. expenses exceeds his income. discretionary expenses are higher than his fixed expenses. fixed expenses are higher than his discretionary expenses. ab

Question

A person has a budget with a deficit because his income exceeds his expenses. expenses exceeds his income. discretionary expenses are higher than his fixed expenses. fixed expenses are higher than his discretionary expenses. ab

Answer 1

B. expenses exceeds his income.

Answer 2

The problem is a multiple-choice question examining the concept of budget deficits. A budget deficit occurs when expenses exceed income. This is a fundamental principle in accounting and personal finance.

Question

A person has a budget with a deficit because his income exceeds his expenses. expenses exceeds his income. discretionary expenses are higher than his fixed expenses. fixed expenses are higher than his discretionary expenses. ab

Answer

Answer

Explanation