There is a government budget surplus if

Question

Quizplus · Accepted Answer

In order for there to be a government budget surplus, the government must collect more in taxes (T) than it spends on transfer payments to individuals (TR), while also spending less than it collects in total government spending (G). Therefore, A) T - TR > G is the correct choice, as it represents a scenario where the government is earning more money in taxes than it needs to spend on transfer payments, resulting in a surplus.

There Is a Government Budget Surplus If