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1. In your own words write a brief paragraph that summarizes what the Federal Budget is.

2. What government official is ultimately responsible for the preparation and submission of the Federal Budget?

3. List government revenues by category, beginning with the largest percentages. Note â€“ students will need to calculate these figures themselves.

4. What is the estimated revenue for the Federal Government in 2015?

5. List government expenditures by category beginning with the largest percentages.

6. What types of expenditures are classified as â€œNondefenseâ€?

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