The American Recovery and Reinvestment Act is an approximately __________ stimulus package.About __________ takes the form of tax cuts and __________ is new government spending on __________.
A)$500 billion;$150 billion;$450 billion;bailing out U.S.automakers and purchases of equity from financial institutions
B)$1 billion;$100 million;$900 million;subsidies to U.S.farmers and energy producers
C)$787 billion;$250 billion;$537 billion;infrastructure and aid to state and local governments
D)$100 billion;$50 billion;$50 billion;the space program
E)$1 trillion;$500 billion;$500 billion;unemployment insurance and financing the wars in Iraq and Afghanistan

Question

Quizplus · Accepted Answer

The American Recovery and Reinvestment Act is a $787 billion stimulus package. Approximately $250 billion takes the form of tax cuts and $537 billion is new government spending on infrastructure and aid to state and local governments. Options A, B, D, and E do not accurately reflect the composition of the stimulus package.

The American Recovery and Reinvestment Act Is an Approximately __________