Question

John walks into a grocery store and suddenly realizes that the prices on most of his favorite imported products are reduced. Which of the following is the most likely cause of the price drop?
i. Balanced budget
ii. Unbalanced budget
iii. Budget deficit
A.

i only
B.

ii only
C.

iii only
D.

ii and iii only

Answer 1

Balanced Budget: A balanced budget (particularly that of a government) refers to a budget in which revenues are equal to expenditures. Thus, neither a budget deficit nor a budget surplus exists ("the accounts balance").

Unbalanced Budget: a ​budget in which more ​money is ​spent than comes in during a particular ​period

Budget Deficit: A status of financial health in which expenditures exceed revenue. The term "budget deficit" is most commonly used to refer to government spending rather than business or individual spending. When referring to accrued federal government deficits, the term "national debt” is used.

My answer: A
@Fray8900

Answer 2

Listen to him ^^