Which of the following trends has been observed in federal revenues and expenditures over time?
A) Expenditures were lower than the revenues in the 1998-2001 period.
B) Expenditures were lower than the revenues in the 1930s.
C) Expenditures were higher than the revenues in the 1998-2001 period.
D) Expenditures were more or less equal to the revenues in the 1930s.
E) Expenditures were more or less equal to the revenues in the 1998-2001 period.

Question

Quizplus · Accepted Answer

During the 1998-2001 period, the federal government experienced budget surpluses, meaning expenditures were indeed lower than revenues.

Which of the Following Trends Has Been Observed in Federal