When a government must operate on a balanced budget, it means that there is no ________ or ________.
A) borrowing; printing of money
B) unemployment; special taxes
C) surplus; deficit
D) bonds being issued; purchased

Question

Quizplus · Accepted Answer

A balanced budget means the government's expenditures are equal to its revenues, thus avoiding any surplus (extra money) or deficit (shortfall).

When a Government Must Operate on a Balanced Budget, It