Which of the following is a reason for this resurgence in federal government budget deficits?

A. Lower government spending but even lower tax receipts.

B. Tax revenue not keeping pace with growth in spending.

C. Higher interest rates.

D. Larger tax revenue with low government spending.

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5 September, 11:27

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Axle · Answer 1

(B) Tax revenue not keeping pace with growth in spending.

Which of the following is a reason for this resurgence in federal government budget deficits?A. Lower government spending but even lower tax receipts.B. Tax revenue not keeping pace with growth in spending.C. Higher interest rates.D. Larger tax revenue with low government spending.