The federal budget deficit has grown so quickly in the past 5-10 years because of:
A) increased tax revenue.
B) increased spending on entitlement programs.
C) lower income tax rates on the top 1% of households.
D) economic expansion.
E) higher interest payments on current government debt.
Correct Answer:
Verified
Q57: The federal government started running a budget
Q82: Why is a budget surplus not necessarily
Q85: Budget deficits tend to
A) increase over time.
B)
Q96: If government revenues in 2011 were $2.2
Q100: Use the following table to answer the
Q103: Why is foreign government ownership of U.S.debt
Q105: Why was the world so concerned about
Q108: The austerity measures imposed on Greece in
Q128: Use the following table to answer the
Q153: Why may a budget deficit be considered
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