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    Surplus

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    Allan Camacho
    A surplus occurs when income exceeds expenses, resulting in an excess of an asset. There are inventory, budgetary, and producer surpluses. A deficit is a shortage that results when expenses exceed revenues or imports exceed exports. Budget and trade deficits are two common types of deficits.

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    Surplus

    Uploaded by

    Allan Camacho
    13 views5 pages
    A surplus occurs when income exceeds expenses, resulting in an excess of an asset. There are inventory, budgetary, and producer surpluses. A deficit is a shortage that results when expenses exceed revenues or imports exceed exports. Budget and trade deficits are two common types of deficits.

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    A surplus occurs when income exceeds expenses, resulting in an excess of an asset. There are inventory, budgetary, and producer surpluses. A deficit is a shortage that results when expenses exceed revenues or imports exceed exports. Budget and trade deficits are two common types of deficits.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    13 views5 pages

    Surplus

    Uploaded by

    Allan Camacho
    A surplus occurs when income exceeds expenses, resulting in an excess of an asset. There are inventory, budgetary, and producer surpluses. A deficit is a shortage that results when expenses exceed revenues or imports exceed exports. Budget and trade deficits are two common types of deficits.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 5

    SURPLUSES AND

    DEFICITS
    WHAT IS A SURPLUS?
     SURPLUS describes the amount of an asset or resource that exceeds
    the portion that’s actively utilized.
     A surplus results form a disconnect between supply and demand for a
    product, or when some people are willing to pay more for a product
    than other consumers.
     Surplus occurs when income earned exceeds expenses paid.
    TYPES OF SURPLUS
     INVENTORY SURPLUS occurs when products that remain
    unsold.
     BUDGETARY SURPLUS occurs when income earned exceeds
    expenses paid.
     PRODUCER SURPLUS occurs when goods are sold at a higher
    price than the lowest price the producer was willing to sell for.
    WHAT IS A DEFICITS?
     DEFICIT or SHORTAGE is an amount by which a resource,
    especially money, falls short of what is required.
     A deficit occurs when expenses exceed revenues, imports exceed
    exports, or liabilities exceed assets.
     Synonymous with shortfall or loss and is the opposite of a surplus.
    TYPES OF DEFICITS?
     BUDGET DEFICIT occurs when spending is greater than the
    revenue received in a given year.
     TRADE DEFICIT exists when a nation’s imports exceeds its exports.
    It can cause a drop in a domestic currency’s value and a reduction in
    jobs.

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