What Is It Called When Government Spending Is Equal to Its

question 19

Multiple Choice

What is it called when government spending is equal to its revenue?

• A) budget making
• B) balanced budget
• C) budget surplus
• D) budget stability
• E) fiscal federalism

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Definitions:

Terms of Agreement

Conditions and provisions that outline the rights and obligations of parties within a contract.

Rules of the Game

The established guidelines, criteria, or regulations that dictate how a particular activity or process is conducted.

Disagreement Value

The worst outcome that a party is willing to accept before walking away from negotiations or a transaction.

Car Dealer

A business entity that sells new or used cars at the retail level, based on a dealership contract with an automaker or its sales subsidiary.