Question

Which statements describe what this graph indicates about government spending? Check all that apply.

Answer 1

The correct answers are A) The government needs to raise taxes or cut spending. B) The government spends too much money. D) The government almost always spends more than it collects.

The statements that describe what this graph indicates about government spending are the following: The government needs to raise taxes or cut spending. The government spends too much money. The government almost always spends more than it collects.

That is why it is so important that the federal government really analyzes the balance between the money it collects compared to the money it spends. If the federal government spends more money on what it collects, it generates a deficit. If it has a deficit, it creates an unbalance in public finances that "drags" large debt and deficit that compromises the US economy.

Answer 2

The government needs to raise taxes or cut spending.

-----------------------------------------

The government spends too much money.

-----------------------------------------

The government almost always spends more than it collects.