The _____ is the amount by which annual tax revenues exceed government expenditures.

Question

Quizplus · Accepted Answer

A budget surplus is the amount by which annual tax revenues exceed government expenditures. A budget deficit is the opposite, where government expenditures exceed tax revenues. Public debt refers to the total amount of money owed by the government over time, while government investment refers to spending on projects and initiatives intended to stimulate the economy.

The _____ Is the Amount by Which Annual Tax Revenues