The gap between Federal expenditures and Federal revenues after 1980 was caused primarily by

Question

Quizplus · Accepted Answer

The gap between Federal expenditures and Federal revenues after 1980 was primarily caused by a substantial increase in Federal expenditures. This was due to various factors including increased defense spending, entitlement programs, and social welfare programs. While there were also recessions and changes in interest rates during this time, they were not the primary drivers of the budget deficit.

The Gap Between Federal Expenditures and Federal Revenues After 1980