If the federal government's expenditures are less than its tax revenues, then:
A)a budget surplus results.
B)a budget deficit results.
C)the budget is balanced.
D)the government is deficit spending.

Question

Quizplus · Accepted Answer

If the federal government's expenditures are less than its tax revenues, that means it has collected more money than it has spent, resulting in a budget surplus.

If the Federal Government's Expenditures Are Less Than Its Tax