Which statement correctly describes a surplus?
The national debt of the federal government is greater in the current fiscal year than the previous fiscal year.
The total revenue of the federal government is greater than its total expenses in the fiscal year.
The total revenue of the federal government is less than its total expenses in the fiscal year.
The total revenue of the federal government is equal to its total expenses in the fiscal year.
1 answer
The total revenue of the federal government is greater than its total expenses in the fiscal year.