When tax revenues minus outlays is i. positive, the government has a budget surplus.
Ii. negative, the government has a budget deficit.
Iii. zero, the government has a balanced budget.
A) i, ii, and iii
B) i and ii only
C) ii and iii only
D) i only
E) iii only
Correct Answer:
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Q1: When tax revenue _ outlays is negative,then
Q2: If the federal government has a budget
Q3: The government has a budget surplus if
A)there
Q6: When government outlays exceed tax revenue,the situation
Q9: When tax revenue _ outlays is positive,then
Q14: If the federal government has a budget
Q15: Q18: When tax revenues equal government outlays,the situation Q18: In the United States for the year Q19: 
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