Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Setting a Budget - Discussion The Federal Governments fiscal year 2019 budget was $4.45 trillion (just in case you have trouble grasping the size of

Setting a Budget - Discussion

The Federal Governments fiscal year 2019 budget was $4.45 trillion (just in case you have trouble grasping the size of the budget it's 4.45 million million dollars. Basically what the Federal Government does when establishing its fiscal budget is to start with last years budget and adjust for inflation and population growth and any new programs that congress passes. What do you feel would be some of the drawbacks to this method?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Measuring Business Interruption Losses And Other Commercial Damages An Economic Approach

Authors: Patrick A. Gaughan

3rd Edition

1119647916, 9781119647911

More Books

Students also viewed these Accounting questions