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Business, 22.04.2021 22:30 jadenpmoore2008

The federal government calculates its budget on a fiscal year that begins each year on October 1 and ends the following September 30. At the beginning of the 2005 fiscal year, the Congressional Budget Office (CBO) forecast that the federal budget deficit would be $368 billion. Federal expenditures were $37 billion less than the CBO had forecast, and federal revenues were $12 billion more than the CBO had forecast. Is it likely that the economy grew faster or more slowly during fiscal year 2005 than the CBO had expected

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The federal government calculates its budget on a fiscal year that begins each year on October 1 and...

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