Imagine the federal government has a national debt of $12.6 trillion. Congress's budget for the coming year includes a spending

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2 years ago

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Imagine the federal government has a national debt of $12.6 trillion. Congress's budget for the coming year includes a spending

projection of $5.1 trillion. Tax revenue is expected to be $4.8 billion. If this budget is approved with no changes, what will be the outcome?
The national debt will decrease.
The national debt will increase.
The federal budget will have a surplus.
The federal deficit will be eliminated.

Social Studies

1 answer:

prisoha [69] · Answer 1 · 2023-08-27T19:26:06+03:00

If this budget is approved with no changes, the outcome is: The national debt will increase.

<h3>What is national debt?</h3>

National debt can be defined as the money a government of country or nation is owing or when government spending is greater that the revenue.

Hence, the correct option is B, because the federal government already has national debt of $12.6 trillion in which the congress has spending projection of $5.1 trillion while the expected tax revenue is $4.8 billion.

Learn more about national debt here:brainly.com/question/4371750

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