Which of the following are the three steps of the federal budget process?
a. The president proposes a budget, Congress Rejects or revises through the appropriations process, the president approves all appropriations bills.
b. Congress proposes a budget, the President rejects or revises through the appropriations process, the Congress approves all appropriations bills.
c. The president proposes a budget, the supreme court determines if the budget is constitutional, the Congress then approves all appropriations bills.
d. An election is held, the president approves appropriations, Congress rejects or revises the appropriations.
Question 2
Which of the following is the total market value of all goods and services produced in an area during a year?
a. gross economic output
b. gross domestic product
c. maximum national product
d. national economic performance
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