Question

A budget surplus is defined as: A. a shortfall of revenues compared to expenditures. B. a shortfall of expenditures compared to revenue. C. accumulated deficits minus accumulated surpluses. D. accumulated surpluses minus accumulated deficits.

Answer 1

B. a shortfall of expenditures compared to revenue.

Step-by-step explanation:

A budget surplus -

It is the duration where the receipt or the income is more than the expenditure , is referred to as a budget surplus .

The budget surplus is exactly opposite of the budget deficit , where the expenditure is more than than the income .

For an individual it is referred to as the savings , instead of budget surplus.

The term budget surplus is mainly used for the financial statement of the government .

Hence, from the given options ,

The correct option for budget surplus is B.