A Government Is Running a Budget Surplus If

question 73

Multiple Choice

A government is running a budget surplus if:

• A)government revenue exceeds government spending.
• B)government revenue is less than government spending.
• C)exports exceed imports.
• D)imports exceed exports.

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Definitions:

Group Beliefs

The shared convictions or perspectives held collectively by a group of people or society.

Ways of Thinking

Diverse mental strategies or attitudes adopted by individuals or groups in processing information, making decisions, and solving problems.

Creative Process

A sequence of thought and action that leads to the production of new and original ideas or artistic works.

Graham Wallas

Graham Wallas was an English social psychologist and educationalist known for his work on the processes of thinking and creativity.