What are the four potential uses for a budget surplus? Paying off old debt Selling it Cutting taxes Spending it on goods and services Increasing taxes Decreasing income transfers Increasing income transfers
Added by Angela P.
Close
Step 1
Step 1: A budget surplus occurs when a government's revenue exceeds its expenditures. Show more…
Show all steps
Your feedback will help us improve your experience
Nick Johnson and 69 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
what are three ways that national debt affects the economic prosperity of a country.
Nick J.
What is Public Debt (What are the effects of Federal budget deficits and a growing federal debt?), and why is it important?
Jennifer S.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD