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Federal government tax revenues if it exceeds government spending then it...

This question belongs to Commerce Financial Management
Financial Management
?

Federal government tax revenues if it exceeds government spending then it is classified as

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Correct Answer: Option A
Federal government tax revenues if it exceeds government spending then it is classified as budget surplus. A budget surplus is a period when income or receipts exceed outlays or expenditures. A budget surplus often refers to the financial states of governments; individuals prefer to use the term 'savings' instead of the term 'budget surplus.'
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