A Budget Surplus Is Defined As

question 143

Multiple Choice

A budget surplus is defined as:

• A)a shortfall of revenues compared to expenditures.
• B)a shortfall of expenditures compared to revenue.
• C)accumulated deficits minus accumulated surpluses.
• D)accumulated surpluses minus accumulated deficits.

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Definitions:

Abstract Thinking

The ability to think about objects, principles, and ideas that are not physically present; involves higher-order reasoning and complex thought processes.

Convergent Thinking

A cognitive process in which a person attempts to find a single, correct solution to a problem.

Minority Characteristics

Features or attributes that distinguish minority groups from the majority, often relating to race, ethnicity, culture, or social status.

Uncompromising

Not willing to make concessions or change one's position.