When tax revenues are equal to spending, there is a
A)budget deficit.
B)government absorption.
C)budget surplus.
D)balanced budget.
E)budget supplement.

Name: When tax revenues are equal to spending, there is a A)budget deficit. B)government absorption. C)budget surplus. D)balanced budget. E)budget supplement.
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Question

Quizplus · Accepted Answer

A balanced budget occurs when the government's tax revenue is equal to its spending, meaning there is no budget surplus or budget deficit.

When Tax Revenues Are Equal to Spending, There Is a