Question

Select the correct answer. What is a federal budget?

A. an evaluation of the government’s current revenue sources
B. an estimate of the government’s total revenue and spending
C. a calculation of the amount needed to make the government debt free
D. a comparison of the government’s foreign and domestic earnings

Answer 1

B. an estimate of the government total revenue and spending

Answer 2

B. an estimate of the government’s total revenue and spending.

Step-by-step explanation:

A federal budget is the government's estimate of revenue and spending for a fiscal year.