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Budget Surplus: Definition & Overview

Instructions:

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question 1 of 3

Which of the following is the best explanation of a budget surplus?

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1. What's the opposite of a budget surplus?

2. Which of the following is not an option that a government has in using a budget surplus?

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About This Quiz & Worksheet

This quiz and its matching worksheet will help you evaluate your understanding of a budget surplus. To pass the assessments you will need to understand what a budget surplus is as well as what options it opens up for a company.

Quiz & Worksheet Goals

These online and printable assessment tools will help you to test your knowledge of:

  • The definition of a budget surplus
  • What word describes a budget surplus's opposite
  • The option a government does not have in using a surplus
  • The common options for the use of a surplus
  • The process to determine if a budget surplus exists

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Defining key concepts - ensure that you can accurately define main phrases, such as surplus, debt, and dividends
  • Reading comprehension - ensure that you draw the most important information from the related macroeconomics lesson
  • Interpreting information - verify that you can read information regarding how to use a budget surplus and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about what a government can and can't do with a budget surplus

Additional Learning

To learn more about this topic, review the corresponding lesson called Budget Surplus: Definition & Overview. These objectives are covered:

  • Describe the concept of debt
  • Identify the best explanation of a budget surplus
  • Learn what determines how a surplus may be used
  • Identify the common options for the use of a surplus
  • Understand how to evaluate if a budget surplus exists
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