The government budget surplus equals

Question

Quizplus · Accepted Answer

The government budget surplus is the amount by which government receipts exceed government outlays. Thus, the correct formula for calculating the government budget surplus is "government receipts minus government outlays." Option B represents this formula. Option A adds transfers to the formula, which is not accurate as transfers are part of government outlays. Option C subtracts net receipts, which is not a recognized formula. Option D subtracts transfers instead of outlays, which is incorrect.

The Government Budget Surplus Equals