Question : What is the purpose of the Congressional Budget Office?
Option 1: To develop and implement the federal budget
Option 2: To provide economic analysis to Congress
Option 3: To manage the federal debt
Option 4: To regulate the banking industry
Correct Answer:
To provide economic analysis to Congress
Solution : The correct answer is (b) To provide economic analysis to Congress
The purpose of the Congressional Budget Office (CBO) is to provide economic analysis to Congress. The CBO is a non-partisan agency that assists Congress in making informed decisions about fiscal matters. It provides objective and impartial analysis of budgetary and economic issues, such as the impact of proposed legislation on the federal budget, the economy, and other aspects of public policy. The CBO's role is to support Congress in understanding the potential consequences of policy choices and to provide reliable information for the legislative process. It does not develop and implement the federal budget, manage the federal debt, or regulate the banking industry
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