since 1994, in how many years has the federal budget had a surplus?

Question

Question

business economics

Answer 1

Answer #1

Since 1994, in 5 years the federal budget had a surplus.

From 1994 to 1999, the income tax payments outpaced GDP growth, and thus had a surplus.

So, no. of years = 1999 - 1994 = 5 years

Answer 2

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