Which of following statements is true?
A. Except for few periods, Canadian government budget has always been in deficit.
B. Government budget is usually in deficit during expansion and in surplus during recession.
C. Canadian government budget realized large deficit during World Wars I and II, Great Depression, and between 1975 and 1996, and 2008.
D. A and C are both true.
Answer:D
Which of following statements is true?
A. Except for few periods, Canadian government budget has always been in deficit. B. Government budget is usually in deficit during expansion and in surplus during recession. C. Canadian government budget realized large deficit during World Wars I and II, Great Depression, and between 1975 and 1996, and 2008. D. A and C are both true.