How does a deficit compare to a surplus in the federal government's budget?(1 point)
Responses
A deficit is when the total expenses is greater than the total revenues. A surplus is when the total revenues is equal to the total expenses.
A deficit is when the total expenses is greater than the total revenues. A surplus is when the total revenues is equal to the total expenses.
A deficit is when the total expenses is equal to the total revenues. A surplus is when the total revenues is greater than the total expenses.
A deficit is when the total expenses is equal to the total revenues. A surplus is when the total revenues is greater than the total expenses.
A deficit is when the total expenses is greater than the total revenues. A surplus is when the total revenues is greater than the total expenses.
A deficit is when the total expenses is greater than the total revenues. A surplus is when the total revenues is greater than the total expenses.
A deficit is when the total revenues is greater than the total expenses. A surplus is when the total revenues is equal to the total expenses.