QQuestionBusiness Management
QuestionBusiness Management
What is the main goal in creating the federal budget?
A. Managing businesses and increasing spending on all programs
B. Deciding how to manage the government's tax revenue and expenditures
C. Finding a way to allow the economy to run on its own
D. Finding a way to slow down rapid economic growth
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Answer
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Step 1: Identify the main goal in creating the federal budget.
The main goal of creating the federal budget is to decide how to manage the government's tax revenue and expenditures (option B). This process involves determining the appropriate levels of spending for various programs and agencies, as well as setting tax rates and collecting revenues to fund these activities. The federal budget is a critical tool for ensuring that the government has the financial resources to carry out its responsibilities and provide essential services to its citizens.
Final Answer
The main goal in creating the federal budget is to decide how to manage the government's tax revenue and expenditures.
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