In economics, what does 'Budget Surplus' mean?

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Economics · Public Finance

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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When the revenue collected exceeds the required expenditure

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Answer 1

When the amount spent is equal to the revenue collected

Answer 2

When the revenue collected is negligible compared to the expenditure

Answer 3

When the revenue collected exceeds the required expenditure

Answer 4

When the expenditure exceeds the income

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