If the Income flow of a country exceeds the expenditure flow in international transactions; the balance of payment is? by Sunday | May 3 | Economics NECO | 0 comments A. balanced B. deficit C. restricted D. surplus Correct Answer: Option D – surplus Users Also Read These:The use of income and expenditure instruments or…In bank reconciliation, when a cash book shows a…According to the income approach to national income…A summary of all the receipts and payments of a…What is the balance of the income and expenditure account?