A Budget Surplus Occurs When Government Receipts Exceed Government Spending

question 212

True/False

A budget surplus occurs when government receipts exceed government spending.

---

Definitions:

Socialization

The process by which individuals learn and internalize the norms, values, behaviors, and social skills appropriate to their society.

Integrate

To combine or incorporate parts into a whole, ensuring harmonious functioning or unity.

Recognize

To identify or acknowledge the presence, existence, or validity of something or someone.

Emotions

Complex psychological states that involve a response to a specific stimulus, characterized by physiological changes and influencing thought and behavior.