A Government Surplus Is

question 5

Multiple Choice

A government surplus is

• A) when it spends more than its income.
• B) when it owes more than what it is owed.
• C) when its income is higher than its spending.
• D) when it is owed more than what it owes.

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Definitions:

Capital Account Balances

The net result of public and private international investments flowing in and out of a country, including financial and capital assets.

Partnership Liquidation

The process of winding up a partnership's operations, distributing its assets to creditors and shareholders, and terminating its existence.

Legal Action

A formal proceeding in a court of law where a party seeks a legal remedy, such as the enforcement of rights, redress of grievances, or settlement of disputes.

Unpaid Debts

Liabilities or amounts owed that have not yet been paid or settled.