Bill Clinton's Administration Experienced a Federal Budget Surplus

question 46

Multiple Choice

Bill Clinton's administration experienced a federal budget surplus. Which of the following is therefore correct?

• A) The federal budget was still in deficit, but the deficit was smaller in amount than in previous years.
• B) The national debt reached record high levels.
• C) The national debt held by the public decreaseC.
• D) Government expenditure was no longer counted as part of the federal budget.

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Definitions:

Inputs

Inputs employed in the manufacturing process, such as workforce, investment, substances, and power.

Marginal Product

The extra output produced when one more unit of input is added, keeping all other inputs constant.

Labor Hours

The total time spent by employees in productive activities, commonly calculated to assess workforce efficiency.

Ovens

Kitchen appliances used for baking, roasting, or heating food.