Question

Which of the following is the best

definition of a balanced budget?
A. tax revenue is less than government expenditures
B. taxevenue equals government expenditures
C. tax revenue is greater than government expenditures

Answer 1

B.

Step-by-step explanation:

A balanced budget is a budget in which revenues are equal to expenditures.

Answer 2

B. taxevenue equals government expenditures

Step-by-step explanation:

A balanced budget is a financial plan in which the total amount of money coming into a government (through taxes, fees, and other sources) is equal to the total amount of money being spent by that government. In other words, a balanced budget occurs when a government's revenue (income) matches its expenditures (spending).