During which of the following administrations did U.S. federal government elimin

Question

During which of the following administrations did U.S. federal government eliminate long-standing budget deficits and begin running budget surpluses?

Question 4 options:

A) The Carter Administration.

B) The Reagan administration.

C) The George H. W. Bush administration.

D) The Clintion administration.

During which of the following administrations did U.S. federal government eliminate long-standing budget deficits and begin running budget surpluses?

The portion of the national debt owed to foreign citizens is called the

Question 5 options:

A) external national debt.

B) debt ceiling.

C) net public debt.

D) crowding-out effect

As old bonds mature, the U.S. federal government has the authority to issue new bonds to replace them. This is one reason why

Question 6 options:

A) the external national debt exceeds the internal national debt.

B) the U.S. has a higher debt/GDP ratio than most industrialized countries.

C) the federal government never has to pay off the national debt.

D) the U.S. government is projected to be bankrupt by the year 2030.

Explanation / Answer

4) Option D

The Clintion administration.

Budget surplus means the government's revenue exceeds current expenditures.It is the opposite of budget deficit During Clinton administration U.S. federal government eliminate long-standing budget deficits and begin running budget surpluses

5) Option A

external national debt.

External national debt or foreign debt is the total debt a country owes to foreign citizens.

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