A situation in which the government may spend an amount equal to the revenue it collects is :
Show answer & explanation
Correct answer: D
Explanation
The Correct answer is option 2 i.e. balanced budget
- A balanced budget is a situation in which the government's expenditures are equal to its revenues over a specific period, typically a fiscal year.
- A balanced budget implies that there is no deficit or surplus in the government's finances.