Which of the following is true about the projected U.S.federal tax revenues and expenditures for 2011?
A)A deficit is projected.
B)Tax revenues are projected to exceed expenditures by $239 billion.
C)The largest expenditure in the budget is defense.
D)All of the above
E)None of the above

Question

Quizplus · Accepted Answer

According to the context, it is mentioned that a deficit is projected in the U.S. federal tax revenues and expenditures for 2011. So, option A) is the correct answer. Option B) is incorrect as it says tax revenues are projected to exceed expenditures. Option C) is also incorrect as there is no information provided about the largest expenditure in the budget. Thus, the answer is A) only.

Which of the Following Is True About the Projected U