1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Colt1911 [192]
3 years ago
8

What is the difference between a budget deficit and a budget surplus?

History
1 answer:
polet [3.4K]3 years ago
8 0

A budget surplus occurs when a government takes in more tax revenue than it spends, a budget deficit is when it spends more than it takes in and a balanced budget is when the two amounts are equal.

A budget refers to an estimate of income and expenditure that is set for a period of time.

Budget surplus is when the income set aside exceeds the expenditure for the period. This is prevalent when expenses are less than the incomes and is common in governments.

Budget deficit occurs when spending exceeds the revenue available in a given period of time. Consistent deficits lead to an increase debt.

Learn more about budget deficit and a budget surplus here :

brainly.com/question/10389653

You might be interested in
ASAP!!!!
mamaluj [8]

Answer:

"The Framers chose federalism as a way of government because they believed that governmental power inevitably poses a threat to individual liberty, the exercise of governmental power must be restrained, and that to divide governmental power is to prevent its abuse."

Did this help?

Explanation:

8 0
3 years ago
Read 2 more answers
What is globalization?
alex41 [277]

Answer:

the process by which businesses or other organizations develop international influence or start operating on an international scale.

Explanation:

3 0
3 years ago
Which of these describes the Chisholm Trail? A) It was first discovered by the Lewis and Clark Expedition in 1803. B) It was a t
Kazeer [188]
B. It was a popular cattle drive.
3 0
4 years ago
Read 2 more answers
Which empire was conquered by Hernan Cortés? A. Aztec B. Maya C. Olmec D. Inca
madam [21]
Hernan Cortes was a Spanish Conquistador who led an expedition that conquered the Aztec Empire and imperialized large parts of Mexico. Cortes conquered modern day Mexico on behalf of the Spanish kingdom of King of Castille in the 16th century. Cortes was a part of the early colonizers from the Spain who conquered and colonized large swaths of the Americas. The Spanish conquered enormous swaths of Latin and South America and the effects of this colonization can still be seen in the language, culture, and lifestyle of this region. 

8 0
4 years ago
Read 2 more answers
Which abolitionist was known as "Black Moses"?
creativ13 [48]
The correct answer Is C, Harriet Tubman
7 0
3 years ago
Other questions:
  • Immigrants from which country were not allowed into the United States by the Immigration Act of 1924?
    12·2 answers
  • According to some historians, the community era had its roots in the ______________, released in february 1968 by the president'
    13·1 answer
  • What gamble does Washington take to save his men from smallpox?
    9·2 answers
  • Which of the following countries was a member of the Central Powers? Germany Belgium Italy
    15·2 answers
  • Now that you’ve read the article, answer questions about the impacts of scientists. Alfred wegener proposed the supercontinent p
    6·2 answers
  • What was the role of a proconsul under augustus
    12·1 answer
  • Who defeated the Spanish in Colombia?
    10·2 answers
  • Think about your teachers, supervisors and other adults who
    10·2 answers
  • According to Chief Justice John Marshall, why was the Judiciary Act of 1789<br> unconstitutional?
    12·1 answer
  • Why would it be problematic for the legislative or executive branches to interpret the laws too?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!