Problem
1. (The Twin Deficits) How is the U.S. budget deficit related to the trade deficit?
2. (The Miraculous Budget Surplus) Why did the federal budget go from a huge deficit in 1992 to a surplus in 1998? Explain the factors that contributed to the turnaround.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.