If the federal government balanced its budget,its tax revenues would be equal to government expenditures.
The federal government budget surplus (deficit)is equal to tax revenues minus government expenditures.If tax revenues and government expenditures are equal,the budget is balanced.

Question

Quizplus · Accepted Answer

A balanced budget occurs when tax revenues and government expenditures are equal, which means that there is no budget surplus or deficit. Therefore, if the federal government balanced its budget, its tax revenues would be equal to its government expenditures.

If the Federal Government Balanced Its Budget,its Tax Revenues Would