In 1980,the U.S.budget was ________,private saving was ________ domestic investment,and foreign borrowing was ________.

Question

Quizplus · Accepted Answer

In 1980, the U.S. budget was in deficit, meaning the government spent more than it earned. Private saving was higher than domestic investment, indicating that the amount saved by individuals and corporations exceeded the amount invested within the country. Despite the budget deficit and high private savings, foreign borrowing was not needed to finance the deficit, suggesting that the deficit was managed through domestic means rather than relying on foreign loans.