Current Procedures for Estimating State and Local Revenues as a Basis

question 24

Multiple Choice

Current procedures for estimating state and local revenues as a basis for budget planning

• A)are unreliable, given the lack of data.
• B)are free of error now that highly reliable computers are available.
• C)rely on simply extrapolating from past trends.
• D)rely more and more on sophisticated econometric models made possible by computer technology.

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