A government budget surplus is
A) a situation in which the supply of goods in the economy is greater than the demand for goods.
B) a situation in which the amount spent by the government is greater than the amount collected in taxes.
C) the public debt.
D) an excess of revenues over government spending.

Question

Quizplus · Accepted Answer

A government budget surplus is when the government brings in more revenue through taxes and other sources than it spends on programs and services. It results in an excess of revenues over government spending.

A Government Budget Surplus Is