In general, deficit is considered as a ______ concept.
Answer
The correct answer is C: flow. A deficit is a flow concept because it refers to the shortfall of income over expenditure measured over a specific period of time, such as a fiscal year.
A.surplus
B.stock
C.flow✓ Correct
D.margin
Explanation
A deficit is a flow concept because it refers to the shortfall of income over expenditure measured over a specific period of time, such as a fiscal year.
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