Multiple Choice
A balanced budget requires that:
A) politicians vote for a budget in which spending exceeds revenues in order for the politicians to be eligible for reelection.
B) a deficit in that year be smaller than that of the previous year.
C) entitlement spending equals discretionary spending.
D) total spending equals total revenue.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Complete the following: _ spending refers to
Q9: Suppose that a state legislature votes to
Q10: Some have argued in favor of reducing
Q11: Suppose that the consumer price index fell
Q12: Cash accounting measures the deficit as the:<br>A)
Q14: The budget process distinguishes between:<br>A) entitlement spending
Q15: Explain the recent proposals of an explicit
Q16: Suppose the government spends $3 trillion and
Q17: Using the generational accounting method as a
Q18: Explain the views of conservatives and liberals