A government surplus is defined as
A) interest payments on the federal government debt.
B) on- budget expenditures.
C) the government printing money to pay its bills.
D) an excess of government tax revenues relative to government outlays.

Question

Quizplus · Accepted Answer

A government surplus is defined as an excess of government tax revenues relative to government outlays. This means that the government is bringing in more money than it is spending, which can result in a surplus that can be used for various purposes, such as paying down debt or increasing spending in other areas. An interest payment on the federal government debt is not a government surplus. On-budget expenditures and printing money to pay bills are not necessarily indicative of a surplus or a deficit.

A Government Surplus Is Defined as