Refer to the following figure when answering the following questions.
Figure 18.2: Government Outlays and Receipts as a Percentage
of GDP, 1947-2012
-Consider Figure 18.2. During which of the following periods did the federal government run a budget surplus?

Question

Refer to the following figure when answering the following questions.
Figure 18.2: Government Outlays and Receipts as a Percentage
of GDP, 1947-2012 
-Consider Figure 18.2. During which of the following periods did the federal government run a budget surplus?

Quizplus · Accepted Answer

During the period of 1998-2002, the line for government receipts is above the line for government outlays, indicating that the federal government had a budget surplus. None of the other periods shown in the graph had consistent budget surpluses.

Refer to the Following Figure When Answering the Following Questions