If the government's budget is in surplus even when the economy is at full employment, the surplus is said to be

Question

Quizplus · Accepted Answer

A structural surplus occurs when government revenue exceeds government spending even when the economy is at full employment. This means that the surplus is not a result of temporary factors such as a booming economy (which would be a cyclical surplus) or specific policy decisions (which would be a discretionary surplus). Instead, it reflects a fundamental imbalance between the government's ongoing revenue and spending patterns.

If the Government's Budget Is in Surplus Even When the Economy