The federal budget
A) is required to balance by law.
B) can have a surplus but not a deficit.
C) can have a deficit but not a surplus.
D) can have a deficit or a surplus but cannot be balanced.
E) can have a deficit,a surplus,or a balance.
Correct Answer:
Verified
Q2: If the federal government has a budget
Q3: The government has a budget surplus if
A)there
Q5: In the United States for the year
Q6: When government outlays exceed tax revenue,the situation
Q8: When tax revenue exceed the government's outlays,the
Q9: When tax revenue _ outlays is positive,then
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents