A Budget Surplus Is Defined as the Amount That the

question 210

Multiple Choice

A budget surplus is defined as the amount that the

• A)government owes to lenders at any moment in time.
• B)government spends in any time period.
• C)government's expenditures exceed receipts in any time period.
• D)government's receipts exceed expenditures in any time period.

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Definitions:

Revenues

The total amount of money earned by a business from its normal business activities, before any expenses are subtracted.