Which of the Following Statements About State and Federal Budgets

question 78

Multiple Choice

Which of the following statements about state and federal budgets is the MOST accurate?

• A)Every state government and the federal government are allowed to run budget deficits.
• B)Every state government and the federal government must balance their budgets each year.
• C)The federal government has to balance its budget, but the vast majority of state governments are allowed to run budget deficits.
• D)The vast majority of state governments must balance their budgets, but the federal government is allowed to run budget deficits.