During 1970-1997, the U.S. federal government was in surplus every year. balanced every year. in deficit every year. in deficit most of those years.

A government's debt is reduced when it   Group of answer choices runs a surplus. runs a deficit. balances is budget. sells more bonds.

Describe how the federal deficit is a burden on the shoulders of future generations.

Describe the major differences in Republicans  and Democrats plans on how they plan to create new jobs and a better economy and handle deficit spending?

What is the relationship between the government deficit and debt? Why is it essential that governments make the payments on their debts?

What budget changes would have to occur in order to lower an annual deficit? Annual expenditures would have to rise. Annual expenditures would have to decline and annual tax collections would have to rise. Annual tax collections would have to fall. Annual expenditures would have to rise and annual tax collections would have to fall.

The government starts with a debt of $4 billion.  In year one, the government runs a deficit of $600 million. In year two, the government runs a deficit of $1 billion. In year three, the government runs a surplus of $300 million.  What is the total debt of the government at the end of year three? Show work.

The government has many tools at its disposal to help create stability for an economy. Explain the best type of fiscal policy for our economy right now. Analyze how the economy is doing and provide support for the type of fiscal policy you selected.

In recent economic history, the U.S. federal budget was in surplus from 2001 through 2005. 1998 through 2001. 1990 through 1997. 1980 through 1989.

How can a budget deficit be reduced?   Group of answer choices   Decreasing government spending and/or increasing taxes Lowering taxes and raising government spending By only increasing taxes Increasing government spending and/or decreasing taxes