Complete the following sentence.

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.

Answer 2

Question
In which situation does the national debt decrease?(1 point)
Responses

The federal government has a balanced budget.
The federal government has a balanced budget.

The federal government has a surplus in the budget.
The federal government has a surplus in the budget.

The federal government has an increase in the federal deficit from the previous fiscal year.
The federal government has an increase in the federal deficit from the previous fiscal year.

The federal government has a decrease in the federal deficit from the previous fiscal year but still has a deficit.

Answer 3

The national debt decreases in the situation where:

The federal government has a surplus in the budget.