Homework Help: Economic

Posted by Candace on Thursday, May 6, 2010 at 7:59pm.

The federal budget deficit is gone, transformed by a strong economy into a string of projected surpluses that should grow larger for years to come....

Eliminating the deficit is hardly the end of the government’s financial troubles, however.... [T]he national debt was built up over decades of deficit spending—the federal government has not run steady surpluses since the 1920s—and it remains an economic millstone of considerable proportion.

According to this passage, at the time it was written (1999), the national debt was
a. eliminated. b. falling. c. rising. d. staying about the same.

I think ths answer is D

Economic - SraJMcGin, Friday, May 7, 2010 at 10:00am
Surely the first paragraph is not referring to today. Try c.

Sra

Answer this Question

Related Questions

Economic - The federal budget deficit is gone, transformed by a strong economy ...
Economics - Is the federal budget deficit harmful to the U.S. economy? Should we...
economics - Could someone check my work? Please When the government attempts to ...
macroeconomics - The federal budget passed by Congress and signed by the ...
Economics - When the economy is at full employment, should the federal ...
Government US - 28. Which of the following statements is true? a. X The national...
macroeconomics - what happens to the net public debt if the federal government ...
macroecon - the greatest expansionary impact of a budget deficit will occur when...
Economic Help please - 1)What happen to the net public debt if the federal ...
Econ - How's the Federal Budget Deficit related to trade imbalances?

For Further Reading

First Name:
School Subject:
Answer: