Which Term Refers to the Situation When the Tax Revenue

question 127

Multiple Choice

Which term refers to the situation when the tax revenue of the federal government exceeds government spending?

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

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Definitions:

Disciplined

Exhibiting self-control and behavior in accordance with rules or standards, often to achieve long-term goals.

Feared Self

An aspect of self-concept involving the representation of the person one is afraid of becoming, often including traits or characteristics viewed negatively.

Societal Norm

Implicit or explicit rules that are accepted and enforced by a community or society, guiding individual behavior and promoting social cohesion.

Gender Identity

An individual's personal sense of their own gender, which may or may not correspond with the sex they were assigned at birth.