What is the purpose of the federal budget?A.It prevents the government from creating a budget deficit.B.It allows the government to default on its debts.C.It serves as a plan for government spending each year.D.It ensures that the government will always have a surplus.SUBMITarrow_backPREVIOUS

What is the primary purpose of creating a budget?a) To track spending habits only b) To determine your net worth c) To plan and control your income and expenses d) To invest in the stock market

What role does the president play in developing the federal budget?A.The president decides whether to approve the House or the Senate spending bill.B.The president either vetoes the budget and sends it back to Congress or signs it into law.C.The president determines which spending programs will be mandatory.D.The president has control over all discretionary spending in the budget.

Governments create budget deficits when they:A.refuse to pay for mandatory spending programs.B.spend more money than they take in through taxes.C.increase taxation without increasing spending.D.cannot agree on a spending bill that creates a federal budget.

If the federal​ government's expenditures are less than its tax​ revenues, then: a. a budget deficit results. b. the budget is balanced. c. the government is deficit spending. d. a budget surplus results.

What is one role of Congress in determining the federal budget?A.Evaluating the budgeting needs of federal agenciesB.Turning a draft budget into spending billsC.Announcing the budget to the countryD.Developing budget requestsSUBMITarrow_backPREVIOUS