the diagram shows a government budget. which of the following best describes what the diagram is showing? a…

the diagram shows a government budget. which of the following best describes what the diagram is showing? a budget surplus a budget deficit a balanced budget a plan to balance the budget

the diagram shows a government budget. which of the following best describes what the diagram is showing? a budget surplus a budget deficit a balanced budget a plan to balance the budget

Answer

Brief Explanations:

If revenue is greater than expenditures, it's a budget surplus. If expenditures are greater than revenue, it's a budget deficit. A balanced budget means revenue equals expenditures. Since no information about the relative sizes of revenue and expenditures is given in the question - but we know the concepts - we identify the terms. Here, without seeing the relative lengths of the revenue and expenditure bars (but based on the concepts), a balanced budget occurs when revenue and expenditures are equal.

Answer:

a balanced budget