Meaning of Surplus And Deficit Budget - SS2 Economics Past Questions and Answers - page 1
1
What is a surplus budget?
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A
A situation where expenses exceed revenue
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B
A situation where revenue exceeds expenses
C
A situation where revenue and expenses are equal
2
What can a surplus budget be used for?
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A
To invest in new projects
B
To accumulate debt
C
To increase expenses
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3
What is a deficit budget?
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A
A situation where expenses exceed revenue
B
A situation where revenue exceeds expenses
C
A situation where revenue and expenses are equal
4
What can a deficit budget lead to?
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A
Accumulation of debt
B
Increased revenue
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C
More expenses
5
Why is a surplus budget generally considered a positive financial situation?
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6
What is the main disadvantage of a deficit budget?
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