Question

Which pair has examples of a balanced budget at the personal and national levels? Arthur budgeted $100 for expenses and spent $75. A government agency budgets $8,000 for the year and spends $9,000. Elise spent $300 on a new phone after earning $200. A government agency has to let go staff after a budget shortfall. Jessica spends exactly as much as she makes. A government agency budgets $20,000 for the year and spends $20,000. Harvey saves some money each month to buy a car. The government sets money aside to fund a future project.

Answer 1

1. Arther who budgeted $100 with a remainder of $25

2. A government who budgeted 20,000 and spent 20,000.