The amount by which government receipts exceeds government outlays over the relevant time span is called:

Question

Quizplus · Accepted Answer

The amount by which government receipts exceed government outlays over the relevant time span is called the budget surplus. It represents a positive balance in the government's budget and can be used to pay down debt or fund future projects. The other options (A, B, and D) do not accurately describe this concept.

The Amount by Which Government Receipts Exceeds Government Outlays Over