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Q: When income is higher than spending there is a surplus?
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What can be removed from a budget if spending is higher than income?

Discretionary spending


Why is a current account surplus equivalent to foreign investment?

A country where income is greater than spending, has saving greater than investment, and a current account surplus. The excess of income over spending must be balanced by foreign investment, so there will be a financial account deficit to match the current account surplus.


What is most easily be removed from a budget if spending is higher than income?

discretionary spending


What can be easily be removed from a budget if spending is higher than income?

Discretionary spendingDiscretionary spendingDiscretionary spending


What can most easily be removed from a budget if spending is higher than income?

Discretionary spendingDiscretionary spendingDiscretionary spending


What is deficet spending?

Deficit spending is the opposite of budget surplus. It means spending more money than you have - going into debt.


What is spending deficit?

Deficit spending is the opposite of budget surplus. It means spending more money than you have - going into debt.


What does a nation have when it spends less then its income?

A surplus on the current account of its balance of payments (and a matching deficit on the capital account). These are not to be confused with fiscal surplus or budgetary surplus since they are concerned with only Government expenditure and Income. And the correct word is "than" not "then".


When a government spends more than the tax revenues it receives?

Deficit A+ the government will have a surplus


Will spending less than your income increase your net worth?

True


Is gross income higher than net income?

Gross income in normally higher then net income unless there is other income then normal business operations then net income may be higher then gross income.


Is the per capita income of Maryland higher or lower than the per capita income of Maine?

Higher