Which of the following statements about the budget deficit is true?

Name: Which of the following statements about the budget deficit is true?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In 2000, the federal budget was in surplus, meaning that the government took in more revenue than it spent. The other choices are incorrect: A is false because the federal budget deficit was $290 billion in 1992; C is false because the federal budget deficit was $412 billion in 2004; and D is false because the federal budget deficit was $1.3 trillion in 2011.

Which of the Following Statements About the Budget Deficit Is