A budget in which revenue exceeds its expenditure is ______ budget.

here are the answers to the questions from the image. 10. A budget in which revenue exceeds its expenditure is ____ budget. The correct option is A. surplus. A surplus budget occurs when the government's revenue is greater than its expenditure. 11. The extraction of raw materials from land is ____ production. The correct option is E. primary. Primary production involves the extraction of raw materials directly from nature, such as farming, mining, and fishing. 12. The Bank of Agriculture (BOA) was renamed from the defunct ____. The correct option is D. Nigerian Agricultural and Co-operative Bank. The Bank of Agriculture (BOA) was established in 2000 as a result of the merger of the Nigerian Agricultural and Co-operative Bank (NACB), the People's Bank of Nigeria (PBN), and the Family Economic Advancement Programme (FEAP). 13. An economic system where means of production are owned and controlled by the state is ____. The correct option is C. socialism. Socialism is an economic and political system where the community or the state owns and controls the means of production, distribution, and exchange. 14. The transformation of a commodity from one variety to another to satisfy consumer's need is ____ utility. The correct option is B. form. Form utility is created when raw materials are transformed into finished products, changing their form to make them more useful or desirable to consumers. Drop the next question!