1 what would be true of entitlement spending if the, Ask an Expert

Economics

1. What would be true of entitlement spending if the percentage of taxes allocated to discretionary spending rose to 100 % and the federal budget was balanced? (Hint: Under a balanced budget, tax revenues equal the sum of discretionary and nondiscretionary expenditures.)

2. How would entitlement spending be funded if tax revenues just covered discretionary spending and there was a government budget deficit?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91224468

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