The budget deficit
A. is the total outstanding borrowing by the government.
B. is the difference between government outlays and tax revenues.
C. decreased during the Obama Administration.
D. reached its peak in the year 2000.
Answer:B
The budget deficit
A. is the total outstanding borrowing by the government. B. is the difference between government outlays and tax revenues. C. decreased during the Obama Administration. D. reached its peak in the year 2000.