Answer:
Annual economic report is submitted to congress as part of the Presidential economic responsibility
Step-by-step explanation:
It is prepared by the chairman of the council of economic advisers and it summarizes regarding the nation’s economic progress.
It is submitted from the president’s desk to the legislature within ten days after the proposal of federal budget. It can also draft recommendations and auxiliary papers to the congress after the submission of the chief economic report.
President is responsible for submitting federal budget. Council economic advisers use vast data appendices and exclusive terms in the annual economic report.