Which term means the amount by which government revenues are more than government spending during a specific period?

a. budget deficit

b. budget surplus

c. economic depression

d. economic recession

Question

Social Studies

Beard

29 April, 21:35

Which term means the amount by which government revenues are more than government spending during a specific period?

a. budget deficit

b. budget surplus

c. economic depression

d. economic recession

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Answers (1)

Know the Answer?

Bridger · Answer 1

This means that at the end of the year, when all the incomes (=revenues, mostly from taxes) have been counted and all the money that needed to be spent was spent, there is still some money left.

We refer to this situation as budget surplus - the correct answer is b). If some money i. s missing, we would call it a budget deficit

Which term means the amount by which government revenues are more than government spending during a specific period?a. budget deficitb. budget surplusc. economic depressiond. economic recession

Which term means the amount by which government revenues are more than government spending during a specific period?

a. budget deficit

b. budget surplus

c. economic depression

d. economic recession