In 1998,the federal budget
A) set a record for deficit spending.
B) saw its first surplus in thirty years.
C) was one-third smaller than it had been six years earlier.
D) had cut military spending in half from its Cold War peak.
E) had paid off the national debt.

Question

Quizplus · Accepted Answer

In 1998, the federal budget saw its first surplus in thirty years, meaning the government's revenue exceeded its spending for the first time in three decades. This was a significant achievement for the country, as it signaled a decrease in deficit spending and a positive economic outlook.

In 1998,the Federal Budget