Which of the Following Contributed to the Turn-Around in the U.S

question 66

Multiple Choice

Which of the following contributed to the turn-around in the U.S. government budget from a surplus in the early 2000s to record deficits by the end of the decade?

• A) An increase in household saving.
• B) An increase in business saving.
• C) An increase in tax revenues because of a recession.
• D) An increase in government purchases on homeland security and wars.

---

Definitions:

Property

Assets or possessions owned by an individual or entity, including tangible items like land or buildings and intangible items like intellectual property.

Legal Term

A phrase or word used within the law, having specific, detailed meanings relevant to legal outcomes and interpretations.

Holographic Wills

Wills entirely handwritten, signed, and dated by the testator, without the need for witnessed formalities, recognized in some jurisdictions.

Codicils

Amendments or additions made to an existing will, allowing for adjustments without needing to draft a new document entirely.