The annual shortfall between federal revenues and expenditures is known as which of the following?

a. the balance of payments
b. the budget deficit
c. the expenditure difference
d. the public/national debt

Answer: b

Political Science

You might also like to view...

In a __________ research report, a researcher presents hyotheses and evidence in a logically tight and condensed style

Fill in the blanks with correct word

Political Science

What was the real purpose of President Franklin Delano Roosevelt’s court-packing plan?

a. Implementing mandatory retirement ages for judges so that Roosevelt could appoint new judges who would be sympathetic to his New Deal programs. b. The opportunity to appoint as many as six new justices that would give the Court a majority of justices sympathetic to his New Deal programs. c. The opportunity to appoint as many as six new justices that would give the Court a majority of justices who would consistently rule congressional actions unconstitutional. d. The opportunity to appoint as many as six new justices that would give the Court a majority of justices who would be sympathetic to the United States fighting in Europe.

Political Science