A budget is balanced when expected total revenue is

Economics

JAMB 2025

A. less than total expenditure
B. greater than total expenditure
C. greater than expected expenditure
D. equal to expected expenditure

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Correct Answer: Option D

Explanation

A budget is considered balanced when the total expected revenue is equal to the total expected expenditure. This means that the
income (revenue) is enough to cover all the costs (expenditure) without any deficit.

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A budget is balanced when expected total revenue is

Correct Answer: Option D

Explanation

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