If the government spending is _____ than the tax revenue, then the government has a budget surplus. In this case, the overall debt of the government will:

Question

Quizplus · Accepted Answer

When government spending is less than tax revenue, it means the government is taking in more money than it is spending, resulting in a budget surplus. This surplus can be used to pay down existing debt, leading to a decrease in the overall debt of the government.

If the Government Spending Is _____ Than the Tax Revenue