Question

what does it mean for the federal government to have a balanced budget?
a a balanced budget means the federal debt is reduced each year.
b a balanced budget means there is no more federal debt.
c the incoming revenue is enough to pay for all government programs and debt payments.

Explanation:

A balanced budget occurs when a government's revenues equal or exceed its expenditures. This means there is sufficient incoming revenue to cover all government - run programs and any debt payments due. Options A and B are incorrect as a balanced budget doesn't directly imply reduction of federal debt each year or elimination of federal debt.

Answer:

C. The incoming revenue is enough to pay for all government programs and debt payments.