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    Question

    In economics, what does 'Budget Surplus'

    mean?
    A When the amount spent is equal to the revenue collected Correct Answer Incorrect Answer
    B When the revenue collected is negligible as compared to the expenditure Correct Answer Incorrect Answer
    C When the revenue collected exceeds the required expenditure Correct Answer Incorrect Answer
    D When the expenditure exceeds income Correct Answer Incorrect Answer

    Solution

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

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