The federal government's annual budget is balanced when its revenues from taxes (and other sources) equal its expenditures. The government runs a budget deficit when its expenditures exceed its revenues. The government runs a surplus when its revenues exceed its expenditures.
Standard detail
4.
Benchmark
Depth 1Parent ID: 995449DB1E544264ACFF2278BCBCDBCAStandard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 4.
- List ID
- 4.
- Standard ID
- A12C78045F104AB68EA2D92EC056EB37
- ASN identifier
- S2604882
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 995449DB1E544264ACFF2278BCBCDBCA
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US