Which of the Following Is True About the Projected U

question 84

Multiple Choice

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

---

Definitions:

Potential Loss

The possibility of suffering a reduction in value, financial or otherwise, due to unforeseen risks.

Destruction

Destruction refers to the act of causing such significant damage to something that it loses its value, function, or identity.

Damage

Damage refers to the loss or injury suffered as a result of an act or omission, which may be subject to compensation in legal terms.

Agreement to Sell

A contractual arrangement where a seller agrees to transfer goods or services to a buyer at a future date, under specified conditions.