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If net tax revenues exceed government spending, which of the following would describe the government's situation? It has a positive balance which means there is

If net tax revenues exceed government spending, which of the following would describe the government's situation?
It has a positive balance which means there is a budget deficit.
It has a negative balance which means there is a budget deficit.
It has a positive balance which means there is a budget surplus.
It has a negative balance which means there is a budget surplus.

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