A surplus is defined as
A) the excess of total expenditures over total revenues.
B) the excess of total revenues over total expenditures.
C) government spending plus transfer payments.
D) the sum of all past borrowing by the government.

Name: A surplus is defined as A) the excess of total expenditures over total revenues. B) the excess of total revenues over total expenditures. C) government spending plus transfer payments. D) the sum of all past borrowing by the government.
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Question

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The Answer is B

A Surplus Is Defined as