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31 July, 10:02

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

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  1. 31 July, 10:27
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    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.
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Home » Business » 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.
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