What is the difference between a budget deficit and a budget surplus.

A) A budget deficit occurs when a government spends more than it collects in revenue, while a budget surplus occurs when a government collects more revenue than it spends
B) A budget deficit occurs when a government collects more revenue than it spends, while a budget surplus occurs when a government spends more than it collects in revenue
C) A budget deficit occurs when a government spends exactly the same amount as it collects in revenue, while a budget surplus occurs when a government collects exactly the same amount as it spends
D) A budget deficit occurs when a government borrows money from other countries, while a budget surplus occurs when a government lends money to other countries
Answer: A) A budget deficit occurs when a government spends more than it collects in revenue, while a budget surplus occurs when a government collects more revenue than it spends