When we remove spending ($105 million) from tax income ($100 million) in the preceding question, we obtain a $5 million deficit. Thus, the correct option is (B.) a deficit of $5 million.
Deficit expenditure is the amount by which spending exceeds revenue during a specific period of time, commonly known as simply deficit or budget deficit; the inverse of budget surplus. The phrase can refer to a government, commercial corporation, or individual's budget. In the aftermath of the Great Depression, John Maynard Keynes recognized government deficit spending as a crucial economic instrument. It is a major source of contention in economics. During this lucrative time, none of the enterprises recorded a deficit.
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