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Chapter 12: Problem 29

Between 1998 and 2000 the federal budget surplus and the publicly held national debt \((L \mathrm{~L}, 9)\) a) rose, rose c) rose, fell b) fell, fell d) fell, rose

Short Answer

Expert verified
Between 1998 and 2000, the federal budget surplus rose and the publicly held national debt fell. Therefore, the correct answer is \(c) \: rose, \:fell\).

Step by step solution

01

Identify the relevant data to determine surplus and debt directions.

We should have data about the federal budget surplus and the publicly held national debt for each year between 1998 and 2000 in order to find the right answer.
02

Determine the changes in the federal budget surplus between 1998 and 2000.

We need to determine if the federal budget surplus increased (rose) or decreased (fell) between these years. To do so, we compare the 1998 surplus to the 2000 surplus.
03

Determine the changes in the publicly held national debt between 1998 and 2000.

Similarly, we need to determine if the publicly held national debt increased (rose) or decreased (fell) between these years. We compare the 1998 national debt to the 2000 national debt.
04

Match the results with the answer choices.

Once we know the directions of changes for the federal budget surplus and publicly held national debt, we match them with one of the given answer choices (a, b, c, or d).

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