Question

There is a government budget surplus if

A) G > TR.
B) TR < T.
C) G > T.
D) T - TR > G.

Answer 1

A government budget surplus occurs when a country's total revenue exceeds its total expenses. The correct statement that represents a government budget surplus is (T - G) > 0.

Step-by-step explanation:

A government budget surplus occurs when a country's total revenue (T) exceeds its total expenses (G). In other words, the government is collecting more money in taxes and other sources of revenue than it is spending on goods, services, and programs.

For example, if the total revenue is $1,000 and the total expenses are $800, the government budget surplus would be $200.

The correct statement that represents a government budget surplus is (T - G) > 0.