In a Fiscal Year When Government Spends Less Than Net

question 29

Multiple Choice

In a fiscal year when government spends less than net tax revenue, the government is facing a:

• A) budget surplus.
• B) budget deficit.
• C) government shutdown.
• D) national debt crisis.

---

Definitions:

Apprenticeship

A system of training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study (classroom work and reading).

Master Carpenters

Highly skilled and experienced craftsmen in carpentry, capable of managing complex projects and mentoring apprentices.

Carpentry Skills

The abilities and competencies related to constructing, fitting, and repairing wooden structures and components.