Question

A balanced budget refers to:

a. a budget in which revenues are equal to spending.
c. consumption expenditures plus investment expenditures plus government expenditures.
b. a budget in which marginal revenue is equal to marginal cost.
d. a budget that increases the national debt.

Answer 1

a. a budget in which revenues are equal to spending.

Step-by-step explanation:

Answer 2

In order to help the student expand his/her knowledge I will help answer the question. This in hope that the student will get a piece of knowledge that will help him/her through his/her homework or future tests.

In economics a balanced budget means an annual budget in which expenditures equal revenues. The correct answer is letter

a. a budget in which revenues are equal to spending.

I hope it helps, Regards.