Multiple Choice
The federal budget surplus recorded in 1998 resulted from a(n) _____
A) decrease in taxes and a rapid growth in federal outlays.
B) increase in taxes and a sluggish growth in federal outlays.
C) decrease in taxes and a decrease in federal outlays.
D) increase in federal outlays and taxes.
E) increase in export earnings and a decrease in import bills.
Correct Answer:
Verified
Correct Answer:
Verified
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