A budget is
A) a record of income and purchases from the previous year.
B) a plan for spending and earning money.
C) only necessary for individuals with low incomes.
D) only necessary for countries suffering from financial crises.
E) required to be balanced by Congress.
Correct Answer:
Verified
Q7: Between 2000 and 2010,real government outlays in
Q8: Mandatory outlays
A) usually change during the budget
Q9: Discretionary government spending includes payments made for
A)
Q10: Why are interest payments considered mandatory spending
Q11: Which of the following is considered discretionary
Q13: The largest portion of the federal budget
Q14: Transfer payments refer to funds that are
Q15: Mandatory outlays are different than discretionary outlays
Q16: _ would be considered a mandatory outlay
Q17: The funds used for payments to Medicare
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