Question: What does a budget surplus indicate? (2023)
Options:
Expenditure exceeds revenue
Revenue exceeds expenditure
Balanced budget
High inflation
Correct Answer: Revenue exceeds expenditure
Exam Year: 2023
Solution:
A budget surplus indicates that revenue exceeds expenditure, allowing for savings or debt reduction.
What does a budget surplus indicate? (2023)
Practice Questions
Q1
What does a budget surplus indicate? (2023)
Expenditure exceeds revenue
Revenue exceeds expenditure
Balanced budget
High inflation
Questions & Step-by-Step Solutions
What does a budget surplus indicate? (2023)
Step 1: Understand what a budget is. A budget is a plan that shows how much money is expected to come in (revenue) and how much will be spent (expenditure).
Step 2: Know what revenue means. Revenue is the money that comes in, like taxes or sales.
Step 3: Know what expenditure means. Expenditure is the money that is spent on things like services, salaries, and programs.
Step 4: Learn what a budget surplus is. A budget surplus happens when the revenue is greater than the expenditure.
Step 5: Realize what this means. A budget surplus means there is extra money left over after all expenses are paid.
Step 6: Understand the implications. This extra money can be used for savings or to pay off debt.
No concepts available.
Soulshift Feedback×
On a scale of 0–10, how likely are you to recommend
The Soulshift Academy?
