Refer to the Following Figure When Answering

question 35

Multiple Choice

Refer to the following figure when answering
Figure 18.2: Government Outlays and Receipts as a Percentage of GDP, 1947-2012
-Consider Figure 18.2. Which of the following were periods when the federal government ran a budget surplus?

• A) 1947-1949
• B) 1998-2002
• C) 1955-1958
• D) All of these answers are correct.
• E) None of these answers are correct.

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