-Consider Figure 17.2,which shows the federal government receipts and outlays for the period 1934-2006.What was the cause of the huge budget deficit beginning in 1940?

Name: -Consider Figure 17.2,which shows the federal government receipts and outlays for the period 1934-2006.What was the cause of the huge budget deficit beginning in 1940?
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

The huge budget deficit beginning in 1940 was primarily due to the increased government spending associated with World War II.