Economics · Fiscal Policy
In economics, what does 'Budget Surplus' mean?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1When the expenditure exceeds income
- 2When the revenue collected exceeds the required expenditure✓
- 3When the revenue collected is negligible as compared to the expenditure
- 4When the amount spent is equal to the revenue collected
Correct answer
When the revenue collected exceeds the required expenditure
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