Which of the following is a correct statement about the federal government's budget?
A)It has been in a deficit continuously since the 1960s.
B)It has been in a surplus continuously since the 1960s.
C)It has been in a deficit in the last few years after decades of surpluses.
D)It has been in a surplus in the last few years after decades of deficits.

Question

Quizplus · Accepted Answer

The federal government's budget was in surplus in the late 1990s and early 2000s, but has been in a deficit in the last few years. Therefore, option C is the correct statement. Options A and B are incorrect as they present extreme scenarios of continuous deficits or surpluses. Option D is also incorrect as it presents a scenario that is opposite to the actual one.

Which of the Following Is a Correct Statement About the Federal