Multiple Choice
Refer to the following figure when answering the following questions.
Figure 18.2: Government Outlays and Receipts as a Percentage
of GDP, 1947-2012
-Consider Figure 18.2. The only period(s) in which the federal government ran a budget surplus since 1970 was/were:
A) 1998-2002
B) 1970
C) 1973-2001
D) None of these answers is correct.
E) All of these answers are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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