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Current Procedures for Estimating State and Local Revenues as a Basis

Question 36

Multiple Choice

Current procedures for estimating state and local revenues as a basis for budget planning


A) are unreliable, given the lack of data.
B) are free of error now that highly reliable computers are available.
C) rely on simply extrapolating from past trends.
D) rely more and more on sophisticated econometric models made possible by computer technology.

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