Continuing resolutions are:
a. budget agreements that allow agencies, in the absence of an approved budget, to spend at the rate of the previous year's budget.
b. guaranteed benefits for those who qualify for government transfer programs such asSocial Security and Medicare.
c. agreements about total outlays, spending by major category, and expected revenues of the federal government.
d. budget resolutions that allow the federal government to allocate a fixed proportion of yearly outlays toward military related expenditures.
e. legislative actions undertaken to balance the budget.
Question 2
The unemployment rate will increase whenever there is a(n):
a. increase in the number of unemployed persons.
b. increase in the number of unemployed persons relative to the size of the labor force.
c. increase in the size of the U.S. population but no change in the number of unemployed persons.
d. increase in the size of the labor force.
e. increase in the size of the U.S. population and a decrease in the number of unemployed persons.
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Sample budget spreadsheet form for first year of business.
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