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Accounting and capital accounting

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Suppose that the government was forecast to spend $3 trillion this year and take in $2.5 trillion in revenues. Suppose one politician argued for selling enough federally owned land in the West to bring in $0.5 trillion in revenue. If this proposal were to pass, describe the effect it would have on the budget in terms of both cash accounting and capital accounting.

Reference no: EM131250850

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