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Question
When the total income of the family is more than its total expenditure then it is called ________.
When the total income of the family is more than its total expenditure then it is called ________.
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Solution
The correct option is C surplus budget
A
budget surplus is a period when
income or receipts exceed outlays or expenditures. A budget surplus often refers to the financial states of
governments; individuals prefer to use the term 'savings' instead of the term 'budget surplus.' A surplus is an indication that the
government is being effectively managed.
A budget surplus is a period when income or receipts exceed outlays or expenditures. A budget surplus often refers to the financial states of governments; individuals prefer to use the term 'savings' instead of the term 'budget surplus.' A surplus is an indication that the government is being effectively managed.
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