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The amount by which government spending exceeds government revenues in a given time period is known as the: A. Budget surplus. B. Budget deficit. C. National debt. D. External debt.
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The amount by which government spending exceeds government revenues in a given time period is known as the: A. Budget surplus. B. Budget deficit. C. National debt. D. External debt.

User Dave Swersky
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Answer:

A. Budget surplus

Step-by-step explanation:

A budget surplus is when income exceeds expenditure. The term " budget surplus" is used in reference to a government's financial state.

User Jfocht
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