Interest payments in the United States increased during the 1980s because of:
A)growing federal deficits.
B)a low tax rate.
C)growing budget surpluses.
D)a fall in government expenditure.
E)an increase in national savings.

Question

Quizplus · Accepted Answer

Growing federal deficits led to an increase in the government's borrowing, which in turn led to an increase in interest payments.

Interest Payments in the United States Increased During the 1980s