C1
deficit vs surplus
The difference
| Word | Meaning | Goes with | Example |
|---|---|---|---|
| deficitnoun/ˈdef.ə.sɪt/ | Meaning the amount by which money spent or owed is more than money received; also a lack of something | Goes with budget deficit | Example The government plans to cut spending to reduce the budget deficit. |
| surplusnoun/ˈsɜːr.pləs/ | Meaning an amount that is more than what is needed or used; also money left after paying all costs | Goes with trade surplus | Example Vietnam had a trade surplus with the United States last year. |
Which word fits?
1 of 6Pick the word for the gap. Its form may change in the sentence.
Higher taxes could help reduce the .