Which of the following observations is true of the federal budget between 1960 and 2010?
a. The federal budget was in deficit in the early 1960s.
b. Between 1960 and 1970 the federal budget deficit reflected a sharp increase.
c. The federal budget was in surplus between 1970 and 1980.
d. The federal budget deficit was the highest in the late 1990s.
e. The federal budget deficit was lower than 600 billion dollars in 2010.
Question 2
Workers in the 1800s building railroads by hand was an example of a(n) ____ intensive form of production.
a. capital
b. labor
c. entrepreneurial
d. working
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Social Capability versus GDP per Capita in 1960
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US federal budget deficit/surplus and debt