206k views
5 votes
How does the government creates a budget affect my own spending plans

User Snor
by
4.9k points

1 Answer

3 votes

Answer:

Federal spending, who gets taxed at what levels, and the borrowing the government does to make up the difference between spending and taxes, all impact the growth of the economy. ... This process creates a drag on the economy that can lead to lower wages and living standards.

Step-by-step explanation:

I hope that this helped you ;)

User Radislav
by
5.1k points