The economics of Trump's proposed budget

profileKayeYip
  • Part 1
  • 1. The federal budget is proposed each year by the president around this time for the next fiscal year, which begins on Oct. 1, 2017 and goes to Sept. 30, 2018. The budget is made up spending by the federal government (G) and tax revenues (T). If G = T then the budget is balanced; when G>T then we have a deficit; when G<T we have a surplus. Watch the Khan Academy video on deficits and the national debt. 
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    • 7 years ago
    • 20
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