If the federal government spends $1.4 trillion more dollars than it collects in tax revenue, what occurs?Select the correct answer below:a profita budget surplusa balanced budgetA budget deficit.

If the federal​ government's expenditures are less than its tax​ revenues, then: a. a budget deficit results. b. the budget is balanced. c. the government is deficit spending. d. a budget surplus results.

When government spending exceeds tax revenues, what is the term given to the difference?Select the correct answer below:budget deficitbudget surplusnational debtnone of the above

If net tax revenues exceed government spending, which of the following would describe the government's situation?Multiple choice question.It has a positive balance which means there is a budget surplus.It has a positive balance which means there is a budget deficit.It has a negative balance which means there is a budget surplus.It has a negative balance which means there is a budget deficit.

Which situation is most likely to result in a government having a budget surplus for a year?A.A government is forced to spend extra money to help its citizens recover after a natural disaster.B.A government begins providing health care to all citizens using tax money in the federal budget.C.A government shuts down an expensive defense program while increasing taxes on corporations.D.A government lowers taxes on businesses while keeping all its spending at the same level.

Suppose the existing stock of government debt is $500 billion. The interest rate is 5%. Government purchases are $25 billion, and government transfers another $50 billion. Tax revenue is $100 billion. The total budget surplus is: Group of answer choices $50 billion $75 billion $10 billion $0 billion (the budget is balanced)