When Does a Government Budget Surplus Exist

question 27

Multiple Choice

When does a government budget surplus exist?

• A)When government spending of all types exceeds net tax revenue.
• B)When net tax revenue exceeds government spending of all types.
• C)When government spending on goods and services exceeds net tax revenue.
• D)When net tax revenue exceeds government spending on goods and services.

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Definitions:

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Statistics that indicate the frequency of marriages within a specified population during a certain time period.

American Population

The total number of people living in the United States, including all races, ethnicities, and ages.

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The various structural and functional arrangements found within families, shaped by cultural, economic, and societal factors.

World War II

A global conflict that lasted from 1939 to 1945, involving many of the world's nations, including all of the great powers, eventually forming two opposing military alliances: the Allies and the Axis.