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Answer :
A budget surplus occurs when net tax revenues are greater than government purchases.So, the correct option is D) Net tax revenues minus government purchases.
When economists use the term "budget surplus," they are referring to the scenario where government revenues exceed expenditures. The correct answer to this question is Net tax revenues minus government purchases. This is because a budget surplus occurs when the government's incoming funds, primarily from taxes, are greater than its spending on goods and services. Transfers and disposable income do not directly factor into the calculation of a government's budget surplus or deficit.So, the correct option is D) Net tax revenues minus government purchases.
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