Macroeconomics Homework 2 Questions
Question #1:
(The Federal Budget Process) 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?
Question #2:
(Federal Debt) What has happened to the federal debt since 2008 as measured realative to GDP?
Directions:
In APA format, please no bullet points. Min 75 words each question.
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