Answered: A federal budget surplus occurs when…

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A federal budget surplus occurs when government expenditures exceed tax revenues. O True O False

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter18: Debates In Macroeconomics Over The Role And Effects Of Government

Section: Chapter Questions

Problem 1WNG

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TRUE - OR - FALSE
A federal budget surplus occurs when government expenditures exceed tax revenues.
O True
O False

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