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What is meant by surplus and deficit?
For a government that taxes and spends, there is revenue (income) and expenditures (outlays). When the expenditures exceed the revenue, the difference is a deficit, also referred to as a "shortfall". When revenue exceeds expenditures, there is money left over, and this is a surplus.
Does China have a trade surplus or a trade deficit?
surplus Quantify the surplus amount as in March 2011
Which causes the price of grain from the plains to fall?
A surplus in crops
How are consumer surplus and producer surplus measured?
Consumer surplus and producer surplus are measured using the price applied. Consumer surplus is when a consumer pays a less amount than expected while producer surplus is when a product fetches more money that expected.
How consumers surplus is converted into producer surplus and vice versa in different market structure?
Once the supply is decreased, consumer surplus will decrease. Producer surplus will decrease as well because neither is at the equillibrium. There will be a surplus leftover after the price increases. Once the supply is decreased, consumer surplus will decrease. Producer surplus will decrease as well because neither is at the equillibrium. There will be a surplus leftover after the price increases.
What does surplus mean in ancient times?
It meant the same as it means now. A surplus is when you have more of something than you need.
Why did the hopis have to keep a surplus of food?
because a surplus of food meant survival during times of drought the climate was very arid
Why did Andrew Jackson favor a Balanced Budget?
because it meant there was no surplus for the banks to benefit from
What is meant by a surplus store?
A surplus store is store that sells mainly used items. It can also include items that were purchased but not sold or that one no longer needs. They can be found in most towns and cities.
Why ' plus ' symbol for addition?
Originally meant "surplus" and was marked on packed goods to show that the weight was over the norm.
What do surplise mean?
Surplise is not a recognized word in the English language. If you meant "surplus," it refers to an amount that exceeds what is necessary or required, often relating to financial contexts, such as having more income than expenses. In economics, a surplus can indicate an excess of goods or resources. If you meant something else, please clarify!
What is meant by surplus and deficit?
For a government that taxes and spends, there is revenue (income) and expenditures (outlays). When the expenditures exceed the revenue, the difference is a deficit, also referred to as a "shortfall". When revenue exceeds expenditures, there is money left over, and this is a surplus.
How do you use 'surplus' in a sentence?
Surplus describes extra items in an inventory. It means that there is too much of any one thing. It also tends to describe excess, although not in a bad way; more like extra items available for give away.Surplus means something left over, something extra. Here are some sentences.We had a surplus supply of corn, so we made corn meal out of the extra.There is a surplus of clothing at the homeless shelter.She had a surplus of tomatoes from her garden this year.Army surplus items are often sold to the public.There was a surplus of sugar in Hawaii.He went to the Army surplus store.There was a surplus amount of turkey left after Thanksgiving.There were too many apples to eat; there was a surplusof apples.During the Clinton years, the United States government had a budget surplus, which meant that some of the debt was paid off.
What is the acronym of surplus?
surplus
How did farming contribute to growth of towns?
They supplied the towns with a surplus of food, witch meant that the towns were able to feed more people, or sustain a larger population.
Does China have a trade surplus or a trade deficit?
surplus Quantify the surplus amount as in March 2011
What is landform of surplus farming?
Surplus farming is not a landform. A surplus is a quantity greater than required, it is possible to have a surplus from any fertile ground.
