Question 9(1 point)

Which one of the following statements is TRUE about the federal government surplus or deficit, expressed as a percentage of GDP, in the United States over the last few decades?

Question 9 options:

Except for a few years around 2000, the government has run a budget deficit

The federal government has normally run a budget surplus, except for several recent years under the George W. Bush and Obama administrations

The deficit reached its highest levels during the George W. Bush administration

The federal government has normally run a budget deficit, except for several recent years under the George W. Bush and Obama administrations

Over the last few decades, there have been steadily growing deficits