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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

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

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IsoldeProfessional · Tutor for 6 years

Answer

B. expenses exceeds his income.

Explain

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.
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