Which of the following is true about the U.S.federal government budget for the year 1998?
A) The U.S.Constitution was amended to require a balanced federal budget.
B) The federal budget deficit was the largest in history.
C) Federal government receipts were greater than federal government spending for the first time in more than 25 years.
D) Federal government outlays were greater than federal government receipts for the first time in more than 25 years.
Correct Answer:
Verified
Q13: If the economy is in a recession,
A)It
Q14: Much of each year's federal budget is
Q15: Which of the following is an argument
Q16: Uncontrollable government spending includes
A)Interest payments on the
Q17: In order to maintain a balanced budget
Q19: The elements of the federal budget not
Q20: The use of government taxes and spending
Q21: A decrease in private sector borrowing and
Q22: The structural deficit represents
A)Federal revenues minus federal
Q23: For the convenience of analyzing the part
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents