The committee for a Responsible Federal Budget is projecting the US budget deficit to exceed________this year.
Correct answer: A. $ 3.8 trillion
- A. $ 3.8 trillion
- B. $ 5.2 trillion
- C. $ 4 trillion
- D. $ 3.9 trillion
Explanation
The Committee for a Responsible Federal Budget projected that the US federal deficit could exceed $3.8 trillion in fiscal year 2020 because of pandemic-related spending and economic contraction. The larger figures were not the projection cited in this report.
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About Global Economy
Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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