WAEC Economics 2013 Objective — Question 11
Question 11 of 50 from the West African Examinations Council (WAEC) Economics 2013 Objective paper, with the correct answer and a full explanation.
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A budget is balanced when expected total revenue is
- A. greater than expected expenditure
- B. less than total expenditure
- C. equal to expected expenditureCorrect
- D. greater than total expenditure
Explanation
A balanced budget is one in which the expected total revenue equals the expected expenditure.
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