Chapter 14 Help Animations Slide Show Review View Directions: olick on the graph

Question

Chapter 14 Help Animations Slide Show Review View Directions: olick on the graph in the window on the right and select Multiple Time Series to graph U S federal expanditures and receipts n billions of constant 2000 dollars for the years 1940-2005. For Yf select US federal expenditures and for Y2 select U.S federal receipts. Roll your cursor over the plotted lines to identily the duta US Federal Budiget Deficit and Surpluses since 1940 U.S. Federal Rececth 2000 dolars According to the figure, the U.S. federal govemment O A has never generated budget surpluses during the 1940-2005 period B. has generated tar more deficits than surpluses dringthe penod 1940-2006 therewere many deficit years and a few years with surpuses The penodwene largest supuses, houw was ding World War Il C· O D. surplus and deficit experience is difficult to distinguish as indicated by the data plots 400- YEAR Data source: U.S. Office of Management and Budget

Explanation / Answer

Option B is correct

The US Federal Government has generated far more deficits than surpluses during the period 1940 - 2005.

(Red line has been over the blue line (Expenditures > Revenues) for most of the years in the given period)

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