The U.S. governmentʹs budget
A) has mostly been in surplus during the past 30 years.
B) has always been in deficit during the past 30 years.
C) has mostly been in deficit during the past 30 years.
D) must be balanced each year.

Question

Quizplus · Accepted Answer

The U.S. government's budget has mostly been in deficit during the past 30 years, meaning that the government spends more money than it takes in through revenue. While there have been brief periods of surplus, such as in the late 1990s, deficits have been the norm. The government is not required to balance the budget each year.

The U.S. Governmentʹs Budget