Asked by ethan battista on Apr 26, 2024
Verified
The federal budget deficit went over $100 billion for the first time in
A) 1977.
B) 1979.
C) 1982.
D) 1984.
E) 1986.
Federal Budget Deficit
The federal budget deficit occurs when a government's expenditures exceed its revenues within a fiscal year, leading to borrowing or debt accumulation.
- Know the historical context of significant fiscal events and measures, including budget deficits and surpluses.
Verified Answer
GH
gracie henriksonApr 28, 2024
Final Answer :
C
Explanation :
According to historical data from the Congressional Budget Office, the federal budget deficit surpassed $100 billion for the first time in fiscal year 1982, reaching $128 billion.
Learning Objectives
- Know the historical context of significant fiscal events and measures, including budget deficits and surpluses.