If the government spends exactly what it receives in taxes during a given interval, then the result is
A) a balanced budget.
B) the gross public debt.
C) the net public debt.
D) a government budget deficit.

Question

Quizplus · Accepted Answer

When the government spends exactly what it receives in taxes during a given interval, it is known as a balanced budget. In this scenario, there is no budget deficit or surplus, and the government's total expenditures are equal to its total revenue.

If the Government Spends Exactly What It Receives in Taxes