A government surplus is
A) when it spends more than its income.
B) when it owes more than what it is owed.
C) when its income is higher than its spending.
D) when it is owed more than what it owes.

Question

Quizplus · Accepted Answer

A government surplus occurs when the government's income exceeds its spending, meaning it has extra money left over. Option A describes a budget deficit, Option B describes national debt, and Option D describes a positive net foreign investment position.

A Government Surplus Is