One Explanation for Persistent Federal Budget Deficits Is That Officials

question 66

Multiple Choice

One explanation for persistent federal budget deficits is that officials are not required to

• A)honor the Constitution
• B)balance the budget
• C)raise taxes
• D)run for reelection
• E)None of the answers is correct

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Definitions:

Financial Plan

A comprehensive evaluation of an individual's or organization's current pay and future financial state by using currently known variables to predict future income, asset values, and withdrawal plans.

Additional Assets

Assets acquired by a business or individual that augment the existing resources, often enhancing operational capacity or value.

Future Periods

Time frames that have not yet occurred, often used in planning and forecasting.

Debt Capital

Funds obtained from borrowing.