1.) What was the state of the federal budget at the start ofthe twenty-first cen

Question

1.) What was the state of the federal budget at the start ofthe twenty-first century? a. surpluses for the first time in 30 years b. large surpluses for the last 10 years c. minor deficit spending for the first time in 10 years d. balanced spending for the last 10 years 2.) What can be expected when members of the baby boomgeneration begin to retire in large numbers? a. increased gross domestic product b. decreased interest paid c. increased deficits d. decreased services 1.) What was the state of the federal budget at the start ofthe twenty-first century? a. surpluses for the first time in 30 years b. large surpluses for the last 10 years c. minor deficit spending for the first time in 10 years d. balanced spending for the last 10 years 2.) What can be expected when members of the baby boomgeneration begin to retire in large numbers? a. increased gross domestic product b. decreased interest paid c. increased deficits d. decreased services

Explanation / Answer

The federal budget surplus for fiscal year1999 was $122.7 billion, and $69.2 billion forfiscal year 1998. The last time the U.S.Federal budget showed a surplus was in the first year of the NixonAdministration. : it appears that a ) surpluses for the firsttime in 30 years is the best answer : 2)c. increased deficits( just fromsocial security alone the deficits could be astronomical)

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