Which statement is true?
A. The federal budget deficit reached a peak in 1992 and has been declining since then.
B. The federal budget deficit in fiscal year 1997 was at a record high.
C. Because we ran federal budget surpluses since 1998, the national debt is falling.
D. The federal government ran budget surpluses from 1998 to 2001, but returned to deficits since 2002.
D. The federal government ran budget surpluses from 1998 to 2001, but returned to deficits since 2002.
You might also like to view...
If demand is perfectly inelastic,
a. the percent change in quantity demanded divided by the percent change in price is zero b. the demand curve is a vertical line c. supply is perfectly inelastic too d. consumers have power over prices e. the percentage change in price divided by the percentage change in quantity demanded is zero
The prime engine of growth in market economies is
A) government spending B) consumer spending C) innovation D) private saving