Ask Question
24 December, 19:36

A budget surplus means that: A. Government expenditures are greater than revenues in a given year B. Government revenues are greater than expenditures in a given year C. A nation's exports are greater than its imports D. A nation's imports are greater than its exports

+5
Answers (1)
  1. 24 December, 19:53
    0
    B. Government revenues are greater than expenditures in a given year

    Explanation:

    A government budget surplus is when the revenue of the government is higher than its expenditure in a given year.

    Tax is one of the sources of government income.

    Government spend money on the provision of public goods.

    When government expenditures are greater than revenues in a given year, there is a deficit

    When expenditure is equal to revenue, there is a balanced budget.

    When a nation's exports is greater than its imports, net export is postive.

    When a nation's imports are greater than its exports, net export is negative.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A budget surplus means that: A. Government expenditures are greater than revenues in a given year B. Government revenues are greater than ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers