When the federal government is running a budget surplus,
A)government revenues exceed government expenditures.
B)government expenditures exceed government revenues.
C)the economy must be in a recession.
D)additional government borrowing will decrease the size of the national debt.

Question

Quizplus · Accepted Answer

A budget surplus occurs when the government brings in more revenue than it spends, meaning that its expenses are lower than its income, and that it is not borrowing or adding to the national debt.

When the Federal Government Is Running a Budget Surplus