The amount by which federal tax revenues exceed federal government expenditures during a particular year is the

Question

Quizplus · Accepted Answer

A budget surplus is the amount by which federal tax revenues exceed federal government expenditures during a particular year. The other options are not correct: 
A) The Federal Reserve is the central banking system in the United States and is not related to this question.
B) A budget deficit is the amount by which federal government expenditures exceed federal tax revenues during a particular year.
D) Public debt is the total amount of money owed by the government to its debt holders, including individuals, businesses, and foreign governments.

The Amount by Which Federal Tax Revenues Exceed Federal Government