Question

Of the​ $840 billion American Recovery and Reinvestment Act stimulus package which was enacted in​ 2009, approximately one-third took the form of​ ________ and two-thirds took the form of increases in​ ________.

Answer 1

Answer: One Third of the stimulus package went for Tax Incentives, two third went to Federal spending program & State & Local fiscal relief

Explanation: The American Recovery and Reinvestment Act stimulus package was enacted by the 111th US Congress and signed into law in February 2009 by President Barack Obama which was in response to the great recession lingering at the time.

The package which was revised to $831 billion dollars between 2009 and 2019 was used to cushion the following effect in the Economy.

- 37% of the package was used as tax incentives to individuals & families

- 45% of the package was for Federal Spending programs such as Transport,energy infrastructure, Housing, scientific research.

- 18% of the package was for State & local Fiscal reforms