The government has a budget surplus if _____ expenditures.
A)its revenues are equal to
B)its revenues are less than
C)its revenues are greater than
D)the money supply is less than

Question

Quizplus · Accepted Answer

A budget surplus occurs when the government's revenues (such as tax collections and fees) are greater than its expenditures (such as spending on programs and services). Therefore, choice C is the correct answer to the question. A budget deficit would occur if the situation was reversed, with expenditures exceeding revenues. The options B and D are incorrect as they do not relate to the condition required for a budget surplus.

The Government Has a Budget Surplus If _____ Expenditures