When the total revenues in the federal government are greater than the total expenses in a given year, the budget has a surplus.
National Debt and the Federal Budget Quick Check
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Question
Complete the following sentence.
When the total revenues in the federal government are greater than the total expenses in a given year, the budget:
(1 point)
Responses
is balanced.
is balanced.
has a surplus.
has a surplus.
has a profit.
has a profit.
has a deficit.
has a deficit.
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1 answer