The Budget Deficit/surplus Projections for 2005 That Were Made in 2001

question 38

Multiple Choice

The budget deficit/surplus projections for 2005 that were made in 2001 were wrong by

• A)less than a billion.
• B)several trillion.
• C)several hundred billion.
• D)several hundred trillion.

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Definitions:

Congress Authority

The powers and responsibilities granted to the legislative branch of the United States government, as outlined in the Constitution.

Federal Funds

Money that is collected by the federal government through taxes or other means and spent on a wide range of government programs and activities.

U.S. Constitution

The supreme law of the United States, established in 1787, outlining the national frame of government and fundamental principles and rights of citizens.

Strict Scrutiny

A form of judicial review that courts use to evaluate the constitutionality of certain laws or policies, applying the highest level of scrutiny.