Question

what is deficit and surplus

Answer 1

Step-by-step explanation:

=>A budget surplus is when extra money is left over in a budget after expenses are paid.

=>A budget deficit occurs when the federal government spends more money that it collects in revenue.

Answer 2

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• A budget surplus is when extra money is left over in a budget after expenses are paid.
• A budget deficit occurs when the federal government spends more money that it collects in revenue.