Question

When the total revenues in the federal government are greater than the total expenses in a given year, the budget:

(1 point)
Responses

has a deficit.
has a deficit.

has a profit.
has a profit.

has a surplus.
has a surplus.

is balanced.

Answer 1

When the total revenues in the federal government are greater than the total expenses in a given year, the budget:

**has a surplus.**