Asked by Jalen Taper on May 06, 2024
Verified
A budget surplus occurs when government receipts fall short of government spending.
Budget Surplus
A situation where a government's revenue exceeds its expenditures during a specific period of time.
- Acquire knowledge on the notion of budget surplus and deficit, including the factors that lead to them.
Verified Answer
JJ
Jordyn JohnsonMay 13, 2024
Final Answer :
False
Explanation :
A budget surplus occurs when government receipts exceed government spending, not when they fall short.
Learning Objectives
- Acquire knowledge on the notion of budget surplus and deficit, including the factors that lead to them.
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