Asked by
mindahun admassu
on Nov 11, 2024
Verified
Which of the following is true of the federal budget process in the U.S.?
A) Congress must approve a budget with at least a two-thirds majority vote.
B) The federal budget must be balanced each year because the volume of international trade reduces if the government has a surplus or a deficit.
C) Most federal outlays are determined by existing laws.
D) Congress approves a budget that separates the capital budget and the operating budget.
E) Detailed budgeting allows the party in power to reward supporters.
Federal Outlays
Government spending or expenditures, including all amounts paid out by the federal government, typically categorized by function.
Capital Budget
A Capital Budget involves the planning and allocation of funds for long-term investments and infrastructure projects.
Two-Thirds Majority Vote
A voting requirement where at least two-thirds of the members present must agree for a proposal to pass, often used for significant decisions.
- Gain an insight into the obstacles and restrictions of the U.S. federal budget process.
Verified Answer
LJ
Learning Objectives
- Gain an insight into the obstacles and restrictions of the U.S. federal budget process.