Meaning of Balanced Budget - SS2 Economics Past Questions and Answers - page 1
1
What does a balanced budget mean?
A
Spending more than the income
B
Spending only as much as earned
C
Spending less than the income
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2
When is a government said to have a balanced budget?
A
When the expenses exceed the revenue generated
B
When the revenue generated is equal to the expenses
C
When the revenue generated is less than the expenses
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3
Why is a balanced budget considered a positive financial situation?
A
It helps to ensure financial stability and sustainability
B
It encourages the accumulation of debt
C
It results in a negative balance
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4
Write a simple definition of a balanced budget in one sentence.
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