Economics · Government Budget

When tax collection exceeds the required expenditure, the budget is said to be in _______.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1balance
2economic spread
3surplus✓
4deficit

Correct answer

surplus

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When tax collection exceeds the required expenditure, the budget is said to be in _______.

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When tax collection exceeds the required expenditure, the budget is said to be in _______.

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