4
QuizMultiple Choice
Fiscal Policy: Taxes
Question 4 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27
This graph shows US government revenue and expenditures between 1980 and 2010.
Answer
T
The government spends less than it receives year over year.T
The government should produce more money to cover spending.T
The government on average spends more than it collects.T
The government needs to lower taxes to cover spending.