When tax revenue exceeds government spending (government purchases and transfer payments) there is ▼ a budget surplus dissaving a budget deficit a balanced budget. when tax revenue equals government spending there is ▼ dissaving a budget surplus a balanced budget a budget deficit. when tax revenue is less than government spending there is ▼ a budget deficit positive public saving a balanced budget a budget surplus?

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Alison English

12 February, 14:59

When tax revenue exceeds government spending (government purchases and transfer payments) there is ▼ a budget surplus dissaving a budget deficit a balanced budget. when tax revenue equals government spending there is ▼ dissaving a budget surplus a balanced budget a budget deficit. when tax revenue is less than government spending there is ▼ a budget deficit positive public saving a balanced budget a budget surplus?

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Simpson · Answer 1

When tax revenue exceeds government spending (government purchases and transfer payments) there is a federal budget surplus.

A deficit is defined as an amount of money that is too small and a surplus is when the amount of money is larger. In this case, the revenue the government has is more than the money owed so they have a surplus of money and spending power.