What Was the Origin of President Clinton's Budget Surplus from 1997-2000

question 33

Multiple Choice

What was the origin of President Clinton's budget surplus from 1997-2000?

• A)Offshoring led to lower production costs for businesses and thus created revenue.
• B)President Clinton created the surplus through "trickle-down" policies that stimulated growth.
• C)The surpluses primarily resulted from budget cuts instigated by the Clinton administration from 1994-1998.
• D)The surpluses were largely the result of booms in the high-tech and investment industries that generated higher tax revenues.

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Definitions:

Unaware

Lacking knowledge or awareness about something.

Equity of Redemption

The right of a debtor to reclaim property that has been used as collateral after the debt obligation has been fully paid.

Hypothecation

The practice of pledging assets as collateral to secure a loan, without transferring ownership of the collateral.

Legal Title

The formal right of ownership of property, recognized and protected by law.