1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Serhud [2]
2 years ago
15

An amendment to the texas constitution requires a balanced budget. This means that _____.

Business
1 answer:
marissa [1.9K]2 years ago
4 0

Any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

<h3>What does Texas Constitution require a balanced budget?</h3>
  • Texas always keeps its budget balanced because the State Constitution demands it. The Texas state and local sales taxes exceed 10% of the individual transaction price. The primary operating fund for Texas is the General Revenue Dedicated Fund.
  • A constitutional amendment known as the "balanced budget amendment" would restrict government spending to the amount of revenue it receives. Spending would need to be under control by the federal government.

An amendment to the texas constitution requires a balanced budget. This means that any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

According to a balanced budget, a government should not spend more than its income. Thus projected incomes and expenditures should be equal.

To learn more about balanced constitutional budget amendment, refer to:

brainly.com/question/8873582

#SPJ9

You might be interested in
An economy is operating with output $400 billion above its natural level, and fiscal policymakers want to close this expansionar
antoniya [11.8K]

Answer: reduced by $80 billion

Explanation:

An expansionary gap is when the actual output is more than the potential output. From the question, we are told that an economy is operating with output $400 billion above its natural level, and fiscal policymakers want to close this expansionary gap and that the central bank agrees to adjust the money supply to hold the interest rate constant, so there is no crowding out.

We are also given the marginal propensity to consume is 4/5, and told that the price level is completely fixed in the short run.

To close the expansionary gap, the government would need to reduce its spending. To solve this, we have to calculate the multiplier. This will be:

Multiplier = 1/(1 - MPC)

= 1/(1 - 4/5)

= 1/1-0.8

= 1/0.2

= 5

Therefore, the government expenditure or spending will be reduced by:

= $400 billion/5

=$80 billion

3 0
3 years ago
What do you do when a customer doesnt know how to put together an item they bought
BaLLatris [955]

Answer:

show them the steps to put the item together

Explanation:

6 0
3 years ago
In 2019, Audrey claimed $2,100 on her Federal tax return for her Child and Dependent Care Expenses Credit. Her Federal adjusted
Maurinko [17]

Answer:

$1,050

Explanation:

Her adjusted gross income is $32,750, so she can claim maximum of 50% of Child and Dependent Care Expenses as CDC Credit

= $2,100 * 50%

= $1,050

So, the amount she can claim for the California Child and Dependent Care Expenses (CDC) Credit  is $1,050

5 0
3 years ago
Both the agent and seller just signed the listing agreement. What must the licensee give to the seller now?
maw [93]

Answer:

Working with real estate agent brochure and agreement form.

6 0
3 years ago
Write the number in word as a number seventeen thousand four hundred thirty three
liq [111]
The number is 17,433
4 0
3 years ago
Read 2 more answers
Other questions:
  • Most SBA loan assistance is made by guaranteeing loans made by commercial banks.<br> True or False
    9·1 answer
  • Van and her brother Trung both own homes valued at $175,000. Both pay property taxes at 1.25% and pay annual taxes of $2,187.50.
    13·2 answers
  • What are the necessary capital investments for starting a free-range poultry farm?
    12·1 answer
  • John is interested in joining with a large corporation in a cooperative venture to share risks and pool resources for his small
    12·1 answer
  • 11. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of produ
    8·1 answer
  • The following information was obtained for the grinding department of Harlan Company for May:
    6·1 answer
  • Assume that you plan to buy a share of XYZ stock today and to hold it for 2 years. Your expectations are that you will not recei
    8·1 answer
  • QUESTION ONE (1)
    9·1 answer
  • A point outside (to the right of) the production possibilities curve of a nation implies that this nation is using its resources
    6·1 answer
  • In Marigold Company, Treasury Stock increased $20600 from a cash purchase, and Retained Earnings increased $80400 as a result of
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!