Which of the following best defines the economic term 'budget surplus'? (2 marks)
A. Government expenditure equaling government revenue
B. Government revenues creating government expenditure
C. Government expenditure exceeding government revenue
D. Government revenue exceeding government expenditure
Answer:D
Which of the following best defines the economic term 'budget surplus'? (2 marks)
A. Government expenditure equaling government revenue B. Government revenues creating government expenditure C. Government expenditure exceeding government revenue D. Government revenue exceeding government expenditure