The committee for a Responsible Federal Budget is projecting the US budget deficit to exceed________this year.
Correct answer: B. $ 3.8 trillion
- A. $ 5.2 trillion
- B. $ 3.8 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.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
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.
Practise Global Economy
448 free Global Economy MCQs from International Current Affairs, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask International Current Affairs questions like this
International Current Affairs is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
More Global Economy questions
Which nation's Senate has passed a bill to delist Chinese firms from stock exchanges?
Which tennis player has become the highest paid female athlete, surpassing Serena Williams according to Forbes Magazine?
Which airline became the first to go bankrupt after the cronovirus pandemic?
United States has renewed wavier for Iraq to import electricity from which ________country?
According to the annual report of SIPRI released on Apr 27,2020 which country spent 8.8% of its GDP on military-the highest in the world?
Jack Dorsey, Twitter co-founder pledged $1 billion for cronavirus relief, which makes approximately___________% of his wealth.