If government revenues in 2011 were $2.2 trillion and government outlays were $3.8 trillion:
A) the federal debt was unaffected in that year.
B) the federal debt decreased $1.6 trillion.
C) the federal debt increased $1.6 trillion.
D) the federal budget surplus was $1.6 trillion.
E) the federal budget was balanced.
Correct Answer:
Verified
Q4: Refer to the following table to answer
Q11: Refer to the following table to answer
Q27: Why do wealthy citizens contribute much more
Q62: Refer to the following table to
Q67: The most recent federal budget surplus occurred
A)
Q68: The middle 20% of households in the
Q69: The highest marginal tax rate in U.S.history
Q71: A U.S.federal government budget surplus occurs when
A)
Q72: A U.S.federal government budget deficit occurs when
A)
Q78: During the Great Recession,government outlays were _
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents