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.
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Answer: absence of inflation
Explanation:
The Ten-Percent Plan. Lincoln's blueprint for Reconstruction included the Ten-Percent Plan,which specified that a southern state could be readmitted into the Union once 10 percent of its voters (from the voter rolls for the election of 1860) swore an oath of allegiance to the Union.
Answer:
The financial crisis is the breakdown of trust that occurred between banks the year before the 2008 financial crisis. It was caused by the subprime mortgage crisis, which itself was caused by the unregulated use of derivatives. The major causes of the initial subprime mortgage crisis and following recession include international trade imbalances and lax lending standards contributing to high levels of developed country household debt and real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions.
Explanation:
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