Which of the following is a government budget surplus?

Question

a. Government tax revenue > Government expenditures
b. Amounts spent on wars > amount spent on public goods
c. Federal government spending > Local government spending
d. Number of taxpayers > number of people on government programs

Answer 1

The correct answer is:

a. Government tax revenue > Government expenditures

A government budget surplus occurs when the revenue (mainly from taxes) exceeds the expenditures (spending) of the government.