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In: Economics

Write a short essay on the composition of both Federal Revenues and Federal Spending. As part...

Write a short essay on the composition of both Federal Revenues and Federal Spending. As part of your answer make sure that you discuss the Federal government's key sources of revenue and also the key components of both mandatory and discretionary expenditures. In this context make sure that you also discuss to what extent the government is able to alter its revenues and expenditures in any given fiscal year.

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