When Tax Revenues Are Equal to Spending, There Is a

question 103

Multiple Choice

When tax revenues are equal to spending, there is a

• A)budget deficit.
• B)government absorption.
• C)budget surplus.
• D)balanced budget.
• E)budget supplement.

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Definitions:

Middle-Income Countries

Nations with a per capita gross national income exceeding that of low-income countries but below that of high-income countries, according to the World Bank classification.

Farm Worker

An individual employed in the agricultural sector, primarily involved in the cultivation of crops and raising livestock.

U.S.

A country in North America, known for its significant economic, political, and cultural influence globally.

Productive

The ability of an individual, company, or economy to produce goods or services efficiently.