Which of the following is true of the federal budget?
A)The federal budget is a plan that describes a government's monetary policy for the current financial year.
B)The federal budget is a plan that describes a government's fiscal policy for the current financial year.
C)The federal budget is a plan that describes the president's take on the economy.
D)The federal budget is a plan for federal government outlays and revenues for a specified period,usually a year.
E)The federal budget is a plan that describes the eligibility criteria of the major entitlement programs taken up by Congress for the current financial year.

Question

Quizplus · Accepted Answer

The federal budget is a plan for federal government outlays and revenues for a specified period, usually a year. It outlines how the government will allocate its resources, including spending on programs and services and the expected revenue from taxes and other sources. It is not a plan for monetary policy or the president's take on the economy, nor does it include eligibility criteria for entitlement programs.

Which of the Following Is True of the Federal Budget