Economics · Government Budget and Fiscal Policy
What is meant by a balanced budget?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total estimated expenditure is less than total estimated revenue
- 2Total estimated expenditure is more than total estimated revenue
- 3Total estimated expenditure is equal to total estimated revenue✓
- 4Total estimated expenditure is not equal to total estimated revenue
Correct answer
Total estimated expenditure is equal to total estimated revenue
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