Bill Clinton's administration experienced a federal budget surplus. Which of the following is therefore correct?

Question

Quizplus · Accepted Answer

A federal budget surplus means that the government's revenue exceeds its expenditures, resulting in a decrease in the national debt held by the public. Option A is incorrect because a surplus means that the budget was not in deficit. Option B is incorrect because a surplus is not associated with record high levels of national debt. Option D is incorrect because government expenditure is always counted as part of the federal budget.

Bill Clinton's Administration Experienced a Federal Budget Surplus