Author Question: During 1970-1997, the U.S. federal government was A) in deficit every year. B) in surplus every ... (Read 50 times)

cookcarl · **on:** Jun 29, 2018

During 1970-1997, the U.S. federal government was

A) in deficit every year. B) in surplus every year.
C) in deficit most of those years. D) balanced every year.

Question 2

Historically, the largest U.S. federal budget deficits as a percentage of GDP in the 20th century occurred during

A) the Great Depression.
B) the Vietnam war.
C) World War I and World War II.
D) 1970-1997.
E) 1998-1999.