Use the graph for questions 
-**Consider the graph where G represents government spending and T represents government revenue.A budget surplus would be associated with areas)
A) 1
B) 2
C) 3
D) 1 and 3
Correct Answer:
Verified
Q12: Federal debt is
A)an accumulation of deficit borrowing
Q13: A federal deficit occurs when
A)federal spending is
Q14: The largest source of revenue for the
Q15: The _ is a level of income
Q16: The federal government raises revenue primarily from
A)Social
Q18: In year one the federal government experienced
Q19: Discretionary accounts for approximately _ percent of
Q20: Nondiscretionary government spending accounts for approximately what
Q21: Use the graph to answer questions
Q22: Discretionary fiscal policy
A)does not require specific action
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