Explanation would be helpful, thanks.

D Question 6 3.33 pts What role does the CBO, Congressional Budget Office play in decision making? The CBO is a partisan untrustworthy political arm of the current administration The CBO is a reliable and objective office that estimates the cost and impact of different government policies The CBO is generally run by economists that use the old fashioned out of date software and methods O All of the answers are correct Question 7 3.33 pts How does government spending in the US compare to other developed countries? about the same level of spending as a percent of GDP significantly higher than other developed countries somewhat lower government spending as a percent of GDP. Question 8 3.33 pts Choose the best answers regarding government spending When government revenues exceed spending the budget deficit increases but debt falls Government debt is financed by issuing Treasury bonds to US citizens only The budget deficit tends to increase during recessions O US debt as a percent of GDP is among the highest in the developed countries. Government spending as a percent of GDP in the US is much higher than in other developed countries