Which of the Following Is Not One of the Four

question 41

Multiple Choice

Which of the following is not one of the four steps in a budget cycle?

• A) Formulation
• B) Approval
• C) Appeal
• D) Execution

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Definitions:

Government Expenditures

The total amount of money spent by the government on various programs, services, and debts.

Gross Domestic Product (GDP)

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Political Goods

Services or benefits, such as security and safety, provided by a government to its citizens, which are non-exclusive and cannot be easily provided by the private sector.

Coercive Force

The use or threat of force to persuade someone to act in a certain way, often seen in legal or military contexts.