10th Grade Budget Balance Quizzes, Questions & Answers

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Welcome to the trivia quiz on a balanced budget. When it comes to managing one's finances, it is important to have a basic budget where you have an estimate of how much expenses you will have and what amount of money you will...

Questions: 253 | Attempts: 789 | Last updated: Mar 21, 2025

Sample Question 1
A balanced budget occurs when

The national debt is reduced to zero dollars.

A budget deficit during one year is matched by a budget surplus in the next year.

Transfer payments equal tax revenues.

Government expenditures equal tax revenues.

Sample Question 2
A federal budget surplus

Occurs when government expenditures exceed tax revenues.

Occurs when tax revenues exceed government expenditures.

Occurs when tax revenues exceed transfer payments.

Occurs when monetary policy works in the opposite direction of fiscal policy.

Is an impossibility.

Sample Question 3
A federal budget deficit

Occurs when government expenditures exceed tax revenues.

Occurs when tax revenues exceed government expenditures.

Occurs when transfer payments exceed tax revenues.

Will always result when Congress and the president cannot agree on expenditures.

Occurs when monetary policy works in the opposite direction of fiscal policy.