Question

complete the following sentence.

when the total revenues in the federal government are greater than the total expenses in a given year, the budget: (1 point)

a. has a deficit.
b. has a surplus.
c. has a profit.
d. is balanced.

Answer 1

When the revenues in the government are more than the expenses then there was a budget surplus.

What is a surplus budget?

This is a situation that arises when the income of the government or the revenue of the government is greater than the expenses they have.

The budget is a statement that usually contains the expenses that the government has for a year and the income that it has to meet the needs.

Read more on surplus budget here:https://brainly.com/question/26010226