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Chapter 16: Problem 21

Have the spending and taxes of the U.S. federal government generally had an upward or a downward trend in the last few decades?

Short Answer

Expert verified
The spending and taxes of the U.S. federal government have generally exhibited an upward trend in the last few decades. This increase can be attributed to factors such as economic growth, changes in political policies, and shifting demographics.

Step by step solution

01

Research historical spending trends of the U.S. federal government

Begin by researching the historical spending of the U.S. federal government using reliable sources such as government websites, economic databases, and financial publications.
02

Research historical taxation trends of the U.S. federal government

Similarly, research the historical taxation trends of the U.S. federal government using the same types of sources as in Step 1.
03

Investigate reasons for the observed trends

Analyze the reasons behind the observed trends in government spending and taxation, taking into account factors such as economic boom or recession periods, changes in political policies, and shifting demographics.
04

Determine the general trend

Based on the findings in Steps 1-3, determine whether the spending and taxation trends of the U.S. federal government have generally been upward or downward over the past few decades.
05

Summarize the findings

Lastly, summarize the findings on spending and taxation trends, ensuring that the final answer is clear and concise for the student.

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