In January 2017, the Congressional Budget Office (CBO) noted that its estimate of the deficit for 2017
Question:
In January 2017, the Congressional Budget Office (CBO) noted that its “estimate of the deficit for 2017 has decreased since August 2016.” The CBO also noted that its “economic forecast … underlies its budget projections.”
a. Why would the CBO’s forecast of future levels of GDP and employment matter for its forecasts of future federal budget deficits?
b. If the federal budget deficit turns out to be smaller than expected, it is likely that economic growth was higher or lower than expected? Briefly explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a The level of GDP and employment affect the amount of federal tax revenue and ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
11+ Reviews
14+ Question Solved
Related Book For 
Question Posted:
