The Process of Determining the Funding for Various Government Priorities

question 23

Multiple Choice

The process of determining the funding for various government priorities is called the ​

• A) ​budget process.
• B) ​appropriations process.
• C) ​supply process.
• D) ​reference process.

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Definitions:

Annually Compounded

Pertaining to interest on investment or loans that is calculated once a year, adding to the sum each year.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, often used as an indicator of inflation.

Real Rate Of Return

The annual percentage profit earned on an investment, adjusted for changes in the price level due to inflation.

Annually Compounded

Interest on an investment or loan calculated once per year, including interest on the initial amount and all previously accumulated interest.