A federal government surplus is said to exist in the event that ________.

Name: A federal government surplus is said to exist in the event that ________.
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Question

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A federal surplus exists when federal outlays are less than federal revenues, meaning that the government is taking in more money than it is spending. Option A describes a federal deficit, and option B describes a balanced budget, not a surplus. Option D is too broad and includes all three options, including the incorrect options.

A Federal Government Surplus Is Said to Exist in the Event