Between 1998 and 2000, the U.S. government had higher revenue than spending. Which of the following most likely happened because of this? A) The U.S. budget deficit increased B) The U.S. budget deficit decreased C) U.S. national debt decreased D) U.S. national debt increased
Between 1998 and 2000, the U.S. government had higher revenue than spending. Which of the following most likely happened because of this? A) The U.S. budget deficit increased B) The U.S. budget deficit decreased C) U.S. national debt decreased D) U.S. national debt increased
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Between 1998 and 2000, the U.S. government had higher revenue than spending. Which of the following most likely happened because of this?
A) The U.S. budget deficit increased
B) The U.S. budget deficit decreased
C) U.S. national debt decreased
D) U.S. national debt increased
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