Which of the following best describes the federal budget during the 1990s?
A. The relative size of the deficit fell.
B. There was a steady downward trend in the relative size of the deficit.
C. The absolute size of the deficit fell.
D. The absolute size of the debt grew to over $5 trillion.
Answer: D
Economics
You might also like to view...
If Y = $500 billion, autonomous consumption = $400 billion, and the marginal propensity to save = 0.20, then saving will equal:
a. ?$300 billion. b. $300 billion. c. $0. d. $80 billion. e. ?$80 billion.
Economics
Given whatever income they have, consumers make consumption choices to maximize the
a. total utility of the goods they consume b. marginal utility of the goods they consume c. average utility of each good they consume d. number of goods they buy e. prices of goods they buy
Economics