Problem
1. Identify the four main categories of government spending and give an example of each. What are the government's four main revenue sources?
2. What is a budget deficit and what are the two main ways the government can finance deficit spending? Which of these methods of financing deficits does the U.S. government most commonly use?
3. What factors have influenced the debt-to-GDP ratio in the United States since 1940?
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.