History

Lamar Lloyd

1 June, 15:17

Which of the following are the best examples of both a national and a personal balanced budget?

(A) Arthur budgeted $100 for expenses and spent $75. A government agency budgets $10,000 for the year and spends $9,000.

(B) Elise spent $300on a new phone after earning $200. A government agency has to lay-off staff after a budget shortfall.

(C) Jessica spends exactly as much as she makes. A government agency budgets $20,000 for the year and spends $20,000.

(D) Harvey saves $100 a month to buy a car. The government sets money aside to fund a future project.