Approximately ________ Percent of the Federal Budget Is in the Mandatory

question 4

Multiple Choice

Approximately ________ percent of the federal budget is in the mandatory spending category.

• A)25
• B)33
• C)50
• D)70

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Definitions:

Exchange Rate

The price of one country's currency expressed in the currency of another country; it determines how much foreign currency one can get with a unit of domestic currency.

Price Level

The general cost of goods and services in an economy at a given time.

Net Exports

The value of a country's total exports minus the value of its total imports; it is a component of a country's gross domestic product (GDP).

Real Values

Economic measures that have been adjusted for inflation, allowing for comparisons over time by reflecting the actual purchasing power.