What percentage of federal spending was financed by borrowing during 2009-2010?
A) approximately 10 percent
B) approximately 20 percent
C) approximately 40 percent
D) more than 50 percent

Question

Quizplus · Accepted Answer

During 2009-2010, the U.S. federal government financed approximately 40 percent of its spending through borrowing, largely due to the economic stimulus measures and decreased revenues following the financial crisis.

What Percentage of Federal Spending Was Financed by Borrowing During