From 1970 through 1997, the domestic government sector was

Question

Quizplus · Accepted Answer

The domestic government sector was a net borrower from 1970 through 1997, meaning that it borrowed more than it lent out. This indicates a budget deficit during this time period, as the government was spending more than it was taking in through revenues. This deficit likely contributed to the overall level of government debt during this time, and may have played a role in keeping interest rates low as the government sought to finance its borrowing needs.

From 1970 Through 1997, the Domestic Government Sector Was