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Define surplus budget. - Economics

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Question

Define surplus budget.

Definition
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Solution

When government receipts are more than government expenditure, we call it a surplus budget.

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Chapter 22: Model Short Answer Questions - MODEL SHORT ANSWER QUESTIONS [Page 490]

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Frank Economics [English] Class 12 ISC
Chapter 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 261. (iii) | Page 490
Frank Economics [English] Class 12 ISC
Chapter 17 Government Budget
TEST YOURSELF QUESTIONS | Q 22. | Page 344
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