If $20 billion was spent on a program last year, and $21 billion would be required to maintain services at the same level, then a budgeted figure of $20.5 billion would represent
A. a cut using either current services or baseline budgeting.
B. an increase using current services budgeting and a cut using baseline budgeting.
C. an increase using either current services or baseline budgeting.
D. an increase using baseline budgeting and a cut using current services budgeting.
Answer: D
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Most stock market experts agree that monetary policy
A) has virtually no impact on stock prices. B) has a minor impact on stock prices. C) has a significant impact on stock prices. D) is the only determinant of stock prices.
A new domestic industry with potential economies of scale is called an infant industry.
a. true b. false
Which of the following would cause a change in the quantity demanded of a product?
A. a higher income B. a higher price C. expectations of future price increases D. All of these are correct.
In the short run when the marginal product of labor ________, the marginal cost of an additional unit of output ________.
A. rises; rises B. falls; falls C. falls; rises D. rises; doesn't change