Wednesday, August 28, 2013

US Federal Spending and Borrowing

According to the Concord Coalition (using Treasury stats), for fiscal year 2012, the U.S. "federal government collected" _______  "in taxes and borrowed" _______ .  (numbers rounded to the nearest 100 billion from the source numbers)

a) $700 billion ; $300 billion
b) $1.3 trillion; $600 billion
c) $2.5 trillion ; $1.1 trillion

d) $6.0 trillion ; $16 trillion


Source: 
http://www.concordcoalition.org/federal-government-spending
c) $2.5 trillion ; $1.1 trillion 

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