Econ 4999 NAME_____________________________________ NO.______________ Capstone Quiz 1- January 19, 2012 Quiz 1 STUDENT Suppose the budgetary federal

Suppose the budgetary federal spending and revenue are $1700 billion and $1825 billion respectively. Suppose also that outlays and receipts of federal agencies (and trust funds) are $230 billion and $445 billion, respectively.1.What is the federal government’s “on-budget” balance? 2. What is the federal government’s “off-budget” balance?