Simplifying the budget document by concentrating only on major groupings and eliminating line items would:
a. ensure that cabinet members spend more time on administering an approved budget and defending a proposed budget.
b. require longer-term economic forecasts that are difficult to obtain.
c. prevent elected officials from including projects they prefer for their personal gains in the budget.
d. increase the flexibility of the discretionary fiscal policy implemented by the federal government.
e. require shorter-term economic forecasts that are easy to obtain.
Question 2
In an economy, U = the number of adults who are unemployed, E = the number of adults who are employed, and NLF = the number of adults not in the labor force. The labor force participation rate in the economy is equal to:
a. U/(U + E).
b. E/(U + E).
c. U/(U + E + NLF).
d. E/(U + E + NLF).
e. (U + E)/(U + E + NLF).
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