Question

What is the federal budget? (Check all that apply)

Group of answer choices

A plan for how the government spends taxpayers’ money.

Something that affects the nation's economy

A historical record.

Something that only impact the government.

The amount of money the US owes to its citizens.

Answer 1

• A plan for how the government spends taxpayers’ money.
• Something that affects the nation's economy

Step-by-step explanation:

• A plan for how the government spends taxpayers’ money.
• Something that affects the nation's economy

The federal budget is a plan that outlines how the government intends to spend the money provided by taxpayers over a year. The budget impacts the economy by including the government's spending priorities, which can affect inflation, economic growth, and job creation. The federal budget is neither a historical record nor solely relevant to the government. Furthermore, the federal budget does not reflect the amount of money the United States owes its citizens.