What Were Some of the Events That Occurred in the 21st

question 59

Essay

What were some of the events that occurred in the 21st century that contributed to the dramatic rise in the budget deficit and in the government's debt?

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Definitions:

Energy Information Administration

A U.S. Government agency responsible for collecting, analyzing, and disseminating independent and impartial energy information.

Petroleum

A naturally occurring, flammable liquid found in rock formations, composed of a complex mixture of hydrocarbons and used as a fuel and in the production of various chemicals.

Energy Efficiency

The practice of using less energy to provide the same service or achieve the same outcome, thereby reducing energy waste and increasing sustainability.

Energy Inputs

The amount of energy used to produce goods or services, an important factor in the efficiency and environmental impact of production processes.