When a government collects more in taxes than it spends,it runs a

Question

Quizplus · Accepted Answer

A budget surplus occurs when the government collects more in taxes than it spends, leading to a surplus of funds that can be used for paying off debt or investing in programs and infrastructure. A trade deficit or surplus refers specifically to imbalances in trade with other countries. A budget deficit occurs when the government spends more than it collects in taxes. A trade imbalance refers to a situation where a country is importing or exporting significantly more than the other.

When a Government Collects More in Taxes Than It Spends,it