Answer-In economics, what does 'Budget Surplus' mean?

A budget surplus is simply having more incomerevenue than expensesexpenditure during a specific period of time, such as a financial quarter or fiscal year. Individuals, companies and governments can all have budget surpluses.

Question

In economics, what does 'Budget Surplus' mean?

A When the amount spent is equal to the revenue collected

B When the revenue collected is negligible as compared to the expenditure

C When the revenue collected exceeds the required expenditure

D When the expenditure exceeds income

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