What Occurs When Tax Revenue Is Higher Than Government Expenditures

question 78

Multiple Choice

What occurs when tax revenue is higher than government expenditures?

• A) windfall
• B) budget surplus
• C) budget deficit
• D) national debt

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Definitions:

Environmental Influences

External factors, such as climate, geography, pollutants, and social conditions, that can affect individuals' behavior, development, and health.

Brym and Lie

Sociologists known for their contributions to understanding social structures, processes, and changes within societies.

Analyze

To examine something methodically and in detail, typically for purposes of explanation and interpretation.

Culture

The cumulative deposit of knowledge, beliefs, norms, values, and artifacts that characterize human societies and guide both collective and individual behaviors.