EBK ECON: MACRO4
4th Edition
ISBN: 9781305562097
Author: MCEACHERN
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Question
Chapter 12, Problem 1.2PA
To determine
Budgets requirement of forecast of the economy and circumstances of failure to match the actual government spending and tax revenue with the approved budget.
Concept Introduction: Budget
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Why does the budget require a forecast of the economy? Under what circumstances would actual government spending and tax revenue fall to match the budget as approved?
Why does the budget require a forecast of the economy? Under what circumstances would actual government spending and tax revenue fail to match the budget as approved?
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Why are budget cuts a good thing?
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