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How do you use ‘deficit’ in a sentence? Is it a noun?

Answer
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Hint: A noun is the name of a person, place or thing. Broadly nouns are classified as common nouns, proper nouns, concrete nouns, abstract nouns and collective nouns. Example:- man, woman, table, chair, smell, friendship, childhood, team, audience etc. We will see if the word ‘deficit’ is a noun and how we can use it in a sentence in the complete answer below.

Complete answer:
Let us discuss the word ‘deficit’ and its containing sentences to see how it is used.
The word ‘deficit’ is a noun. It means the sum of money by which an amount falls short of. It also means deficiency, shortage, a loss, a disadvantage, impairment, handicap etc.

Example sentences:-
1. Because of the recession, the company is experiencing a financial deficit, it will not give the holiday bonuses this year.
2. To run the economy well, the government wants to raise taxes to decrease the budget deficit.
3. Never spend more money than you earn, your bank account will have a huge deficit.
4. It will be unfair to reduce School funding in order to lower the country’s financial deficit.
5. When the mall opened our small clothing store was forced to shut because there was a deficit of shoppers due to the pandemic.

Note:Some words meaning similar to the word ‘deficit’ are loss, deficient , shortfall, arrears etc. These words can also be termed as synonyms of the word ‘deficit’. Some words which are opposite in meaning to the word ‘deficit’ are abundance, adequate, plenty etc. Example: The funds accumulated for the community event was not adequate, it was deficient.