Question

When revenues are higher than expenditures in a budget, that budget
Responses

shows a deficit.
shows a deficit.

must be discarded.
must be discarded.

shows a surplus.
shows a surplus.

is in balance.
is in balance.

Answer 1

shows a surplus.

(When revenues exceed expenditures the result is a budget surplus. If expenditures exceed revenues it's a deficit; if equal it's balanced.)