Strong economic growth led to federal budget surplusses during the Clinton administration. During his second term, the growth of the national debt A) was eliminated. B) remained stable. C) increased due to budget surplus. D) decreased due to budget surplus.

Question

Social Studies

Emery Lynch

16 October, 03:14

Strong economic growth led to federal budget surplusses during the Clinton administration. During his second term, the growth of the national debt A) was eliminated. B) remained stable. C) increased due to budget surplus. D) decreased due to budget surplus.

+4

Answers (2)

Know the Answer?

Duke · Answer 1

C. Not 100% tho but I’m pretty sure

Quentin · Answer 2

I believe the answer is: D. decreased due to budget surplus.

The amount of federal budget mostly funded through tax payment that the citizens have to pay to the government.

In his early term, Clinton manage to increase government budget by increasing tax rate from 28% to 47.8%, which resulted in budget surplus on his second term.