Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Get detailed and precise answers to your questions from a dedicated community of experts on our Q&A platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Revenue and expenditures are sitting on a balance at the same level. This diagram shows a government’s budget. Which of the following words can best be applied to this budget? unbalanced balanced deficit surplus.

Sagot :

marvineetesh3

The government’s budget is balanced when the Revenue and expenditures are sitting on a balance at the same level. Option B is correct.

What is government budget?

A government budget is a document created by the government or the other political institution that outlines anticipated tax revenues and proposed expenditure for the new financial year.

The budget is introduced to the legislature in most parliamentary systems, and it typically involves authorization.

Provided that the box dimensions symbolize the lengths of a state's revenues and expenditures, and that the two sizes are equivalent, the budget is called the balanced budget, as Revenue=Expenditure.

If in the second condition, if the two sizes are not equivalent then the budget would be called as the unbalanced budget, and then deficit will occur if the expenditure > revenue and the Surplus will make if revenue > expenditure.

Therefore, option B is correct.

Learn more about the budget, refer to:

Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.