Which of the following statements is most correct?
A)The federal government has produced annual budget deficits for all years but four, when it ran consecutive budget surpluses that began in 1986 during the Reagan administration.
B)The federal government has produced annual budget deficits for all years but four, when it ran consecutive budget surpluses that began in 1990 during the George H.W.Bush administration.
C)The federal government has produced annual budget deficits for all years but four, when it ran consecutive budget surpluses that began in 2002 during the George W.Bush administration.
D)The federal government has produced annual budget deficits for all years but four, when it ran consecutive budget surpluses that began in 1998 during the Clinton administration.
E)none of the above.

Question

Quizplus · Accepted Answer

According to historical data from the Congressional Budget Office, the federal government ran consecutive budget surpluses starting in 1998 during the Clinton administration and ending in 2001 during the same administration. Therefore, option D is the most correct statement.

Which of the Following Statements Is Most Correct