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The Federal Budget Is

Question 20

Multiple Choice

The federal budget is:


A) submitted by Congress to the President and contains proposals for tax increases.
B) submitted by Congress to the President and contains proposals for government expenditures.
C) always in balance,with receipts equal to expenditures.
D) equal to government purchases plus cash and in-kind transfer payments.
E) usually planned for the calendar year,which starts from January.

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