Budget Surpluses Exist When

question 88

Multiple Choice

Budget surpluses exist when:

• A)​government spending exceeds its tax revenues.
• B)​government tax revenues exceed its spending.
• C)​government spending equals its tax revenues.
• D)​expansionary fiscal policies increase real GDP and the price level.

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Definitions:

Operating Departments

Sections or units within an organization directly involved in its core business activities, responsible for producing its goods or services.

Labor-hours

The total number of hours worked by all employees during a specific period, used as a measure in various calculations and operational decisions.

Custodial Care

Non-medical care and assistance with daily activities, provided primarily for support rather than therapeutic purposes.

Rehabilitation

The process of restoring a facility, equipment, or system to its previous operational condition or improving it to meet current standards.