The government budget shows
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The federal budget passed by Congress and signed by the president shows the relationship between budgeted expenditures and projected revenues. Why does the budget require a forecast of the economy? Under what circumstances would actual government spending and tax revenue fail to match the budget as approved?
Which of the following best describes the relationship between government deficit and government debt?
a.
If the government currently has a budget deficit, currently it must also have debt.
b.
If the government currently has a budget deficit, the debt is increasing.
c.
If the government currently has a budget deficit, government expenditures must be less than taxes.
d.
If the government currently has a budget deficit, national savings must be higher.