Answered: government runs a budget surplus when ?

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government runs a budget surplus when ?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter30: Government Budgets And Fiscal Policy

Section: Chapter Questions

Problem 2SCQ: When governments run budget surpluses, what is done with the extra funds?

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Question

The government runs a budget surplus when ?

A.tax revenue falls below its spending.

B.the budget is balanced.

C.tax revenue exceeds its spending.

D. investment exceeds its spending.

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