Agriculture is by far the single most important economic activity in Africa. It provides employment for about two-thirds of the continent's working population and for each country contributes an average of 30 to 60 percent of gross domestic product and about 30 percent of the value of exports.
-Have a good day.
The main goal of the creation of the federal budget is to decide how to manage the government’s tax revenue and expenditures. Therefore, the correct answer is c.
The federal budget is made of the spending and revenues of the government. It is a detailed plan towards the annual public revenue and spending of the United States Federal government.
<h2>Further Explanation</h2>
The US federal governments used the federal budget to funds or finance its many expenses such as
- Payment of the salaries of federal employees
- Payment for the equipment of the military
- Dispersing subsidies on agriculture
The fiscal year of the Federal government starts on October 1 and ends on September 30 of the following year.
The revenue for the federal government of the United States comes from tax revenues.
The tax revenues are those on the following:
- Family incomes
- Custom duties
- Tariff
- Business profits
Some of the activities that the government also imposed the use of taxes include
- Cigarette smoking
- Alcohol consumption
- Gasoline
However, there US federal budget contains 2 kinds of spending, which are
- Mandatory spending
- Discretionary spending
Mandatory spending is federal government spending on particular programs that are mandated by law.
These programs include
- Medicare
- Social security
- Medicaid
Mandatory spending is also called as entitlement spending.
Discretionary spending is spending that are approved by the passage of individual appropriation bills.
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KEYWORDS:
- budget
- federal
- businesses
- tax
- government
- spending
- revenue
Answer: Adversely affected by changing trends
Explanation:
Every country needs to have multiple diversified exports to be able to combat changing trends in trade as a result of economic trends.
South America exports mostly primary commodities such as foodstuff, oil and other raw materials. If economic conditions lead to the prices of these goods falling then South American economies would face hardships as income earned from exports will fall drastically.
2020 for instance saw the prices of oil fall to very low prices as there weren't enough vessels using fuel due to the various lockdowns around the world. This heavily affected countries reliant on oil exports in South America such as Venezuela and Bolivia.
In short, depending on few exports can be damaging to the economy because economic trends can lead to a downturn in fortune. It is best to have a diversified export portfolio.
The Seneca Falls Convention was one of the first major women's rights conventions, so the answer is "b. The Declaration of Sentiments was
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