Budget deficit Study guides, Revision notes & Summaries

Which of the following is true when a budget deficit exists?` - ANSWER Government expenditures exceed tax revenues If the public debt increased by the same amount each year during the past three years, then - ANSWER the U.S. Treasury must have issued securities to fund a flow of government spending that exceeded a flow of tax revenues by the same amount during each of the past three years. Suppose that the federal government had a budget deficit of $60 billion in year 1 and $70 billion in ...

CDR PRACTICE EXAM 1| 125 QUESTIONS| 26 PAGES| WITH COMPLETE SOLUTION|2022/2023 LATEST UPDATE CDR EXAM   CDR Practice Exam 1| 125 QUESTIONS| 26 PAGES| WITH COMPLETE SOLUTION What is the stored form of glucose? a. glycogen b. sucrose c. myoglobin d. monosaccharide Correct Answer: A->Glycogen is the stored form of glucose and is classified as a polysaccharide. Sucrose is a disaccharide sugar. Monosaccharides are a class of sugar, but not the stored form of glucose. Myo...

Senior economists in the Executive Office of the President prepare agency budgets and submit them to Congress for approval. True or false? CORRECT ANSWER False. The Office of Management and Budget (within the Executive Office of the President) provides guidance to agencies regarding assumptions to use in preparing the budget. However, the agencies prepare the first draft budget and then consult with OMB. After consultation and revision, the president's budget is submitted to Congress by OMB. Co...

Certified Defense Financial Manager Course Exam Questions and Answers 100% Pass What was the predecessor to the Constitution? -Answer-Articles of Confederation Where are Federal-Level laws enacted? -Answer-Congress What Article, Section and Clause empowers Congress to collect taxes -Answer-Article 1, Section 8, Clause 1 What occurs when the President does not sign an enrolled bull within 10 days? - Answer-Pocket Veto Which branch of government implements laws? -Answer-Executive Approxim...

Competency 1: Gov't Resource Management Environment - ... OMB Circular A-11 - Preparation & Submission of Budget Estimates OMB Circular A-76 - Performance of Commercial Activities OMB Circular A-123 - Management's Responsibility for Internal Control OMB Circular A-136 - Financial Reporting Requirements What was precursor to Constitution? - Articles Of Confederation (1781) What was required to amend the Art. Of Confed? - Unanimous approval from all states When was Constitut...

What does RFP stand for? - Answer- Request for Proposal What does PV stand for? - Answer- Present Value What is planned value? - Answer- the authorized budget assigned to a work schedule What does EV stand for? - Answer- Earned Value What is earned value? - Answer- the measure of work performed expressed in terms of the budget authorized for that work What does AC stand for? - Answer- Actual Cost What is actual cost? - Answer- the realized cost incurred for the work performed o...

WGU D089 Principles of Economics Questions and Answers 100% Pass Absolute Advantage The capability to produce more of a given product using less of a given resource than a competing entity Absolute Quota Strictly limiting the quantity of goods that may enter a country Accounting Profit Total revenues minus explicit costs, including depreciation Acquisition When one firm purchases another Ad Valorem Tariffs Import tax based on a fixed percentage of the assessed commercial value of imported g...

Borrowing Authority - ANSWER permits agencies to incur obligations and make payments to liquidate the obligations out of moneys borrowed from the Treasury Budget Authority - ANSWER Congress provides in appropriations act. This is the authority to enter into obligations that will result in outlays. Budget Deficit - ANSWER amount by which the Government's budget outlays exceed its budget receipts for any given period. Deficits are financed primarily by borrowing from the public. Budget T...

CDFM MODULE 1 EXAM REAL EXAM 250 QUESTIONS AND CORRECT ANSWERS(DETAILED ANSWERS) What prevents Congress and the President from unilaterally making laws and treaties? Separation of Power What give Congress the authority to make laws? Article 1, Section 8 of the Constitution Who reviews the constitution for interpretation of the constitution? Supreme Court Who has the power to raise taxes given in Article 1 of the Constitution? Congress (Legislative Branch) What does the Congress of th...

True - ️️T/F: Due from State of New Jersey for Senior citizen Deductions can be anticipated as a revenue in the current fund budget as non-cash surplus retirement of serial bonds - ️️Trust Assessment Fund cash is first pledged to: quarterly basis - ️️Municipal Library Levy is paid on a True - ️️T/F: budget transfers from Capital Improvement Fund are not permitted Corrective Action Plan - ️️Finding/Condition; Recommendation; explanation & corrective action; impleme...