Question

Annual expenditures by the federal government exhibited an upward trend, rising from $3 billion in 1930 to more than $1 trillion in 2010.

True

False

Answer 1

Thee answer is True

It is true that the annual expenditures by the federal government exhibited an upward trend, rising from $3 billion in 1930 to more than $1 trillion in 2010.

Government costs include a variety of federal, state, and local government programs. If the federal government spends more money in a given year than it collects in taxes it reports a budget deficit. Conversely, it generates a budget surplus when the government raises more revenue in taxes than it spends in one year. If government expenditures and taxes are equal, a balanced budget is assumed