Economics · Government Budget
Read the following statements about a balanced budget: A. The government may spend an amount equal to the revenue it collects. This is known as a balanced budget. B. If it needs to incur higher expenditure, it will have to raise the amount through taxes in order to keep the budget balanced. Identify the CORRECT statement/statements.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and B✓
- 2Neither A nor B
- 3Only A
- 4Only B
Correct answer
Both A and B
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