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Interpret the Origin of President Clinton's Budget Surplus from 1997-2000

Question 3

Multiple Choice

Interpret the origin of President Clinton's budget surplus from 1997-2000.


A) The surpluses primarily resulted from budget cuts instigated by the Clinton administration from 1994-1998.
B) President Clinton created the surplus through "trickle-down" policies, stimulating growth.
C) Offshoring led to lower production costs for businesses and thus created revenue.
D) The surpluses were largely the result booms in the high-tech and investment industries, generating higher tax revenues.

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