When economists use the term "budget surplus" they are referring to
A)net tax revenues minus government purchases.
B)national income minus transfer payments.
C)national income minus consumption.
D)disposable income minus consumption.
E)net tax revenues minus transfer payments.

Question

Quizplus · Accepted Answer

A budget surplus occurs when net tax revenues exceed government expenditures on goods and services.

When Economists Use the Term "Budget Surplus" They Are Referring