since 2001, more often than not, the u.s. federal government has\na. run a budget surplus.\nb. run a budget…

since 2001, more often than not, the u.s. federal government has\na. run a budget surplus.\nb. run a budget deficit.\nc. decreased its borrowing.\nd. run a balanced budget.\nwhich of the following is a reason for this resurgence in federal government budget deficits?\na. larger tax revenue with low government spending.\nb. higher interest rates.\nc. lower government spending but even lower tax receipts.\nd. tax revenue not keeping pace with growth in spending.

since 2001, more often than not, the u.s. federal government has\na. run a budget surplus.\nb. run a budget deficit.\nc. decreased its borrowing.\nd. run a balanced budget.\nwhich of the following is a reason for this resurgence in federal government budget deficits?\na. larger tax revenue with low government spending.\nb. higher interest rates.\nc. lower government spending but even lower tax receipts.\nd. tax revenue not keeping pace with growth in spending.

Answer

Brief Explanations:

Since 2001, the U.S. federal government has often had higher spending than tax - revenue, leading to budget deficits. A budget deficit occurs when government spending exceeds tax revenue. Larger tax revenue with low government spending would lead to a surplus (not a deficit), higher interest rates are not the main cause of the deficit resurgence, and lower government spending but even lower tax receipts is not the typical reason. Tax revenue not keeping pace with growth in spending is a common cause of budget deficits.

Answer:

First question: B. run a budget deficit. Second question: D. Tax revenue not keeping pace with growth in spending.