Which of the following statements about state budget is wrong? a. Budget may be annual or biennial b. About half of the states have dual budget system - operating budget and capital budget c. Most operate under the balanced budget requirement d. All governors have item veto power

Question 18 A possible budget reform is a quadrennial budget O breaking down the budget into increasingly small budget lines O appointing agency heads with different priorities than those of elected representatives O a biennial budget eliminating the operating budget

Year SGovernment (billions) Status of government budget 2018 $200 Surplus 2019 -800 Deficit 2020 -400 Deficit 2021 700 Surplus 2022 0 Balanced   Question: Determine the value of the government debt for the period 2018–2022.

2. How should different types of spending be shared between different levels of government?