When your expenses are more than your income you have
a. assets
b. excess expense
c. a surplus
d. a deficit

When your expenses are more than your income you have DEFICIT.

Hence, option: D is the correct answer.

Step-by-step explanation:

Deficit is defined as a excess of expenditure or liabilities over income or assets in a given time period.

Also in general we may say a deficit is the amount by which a resource, especially money  fall short of some reference amount.

Hence, option: D is the correct answer.

( A deficit)

idk

step-by-step explanation: