The amount by which the U.S. government's revenue exceeds its spending in a given fiscal year is referred to as _______________.

Question

The amount by which the U.S. government's revenue exceeds its spending in a given fiscal year​ is referred to as _______________.

Quizplus · Accepted Answer

A budget surplus occurs when the government's revenue is greater than its spending in a fiscal year. It means that the government is taking in more money than it is spending, which can help reduce the national debt and may allow for investments in other areas.

The Amount by Which the U