What is a federal budget? a. an evaluation of the government’s current revenue sources b. an estimate of the government’s total revenue and spending c. a calculation of the amount needed to make the government debt free d. a comparison of the government’s foreign and domestic earnings

the corrrect answer is b

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The right answer is the B) An estimate of the government’s total revenue and spending.

Explanation: Just to elaborate a little on the answer, it can be added that, broadly speaking, a budget is a plan that shows how much money an individual, organization or entity of some sort is expected to earn and spend during a specific period of time. The term federal budget refers specifically to the plans that governments throughout the world draw up every fiscal year in order to estimate their revenue and their spending.  

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