Which statements describe what this graph indicates about government spending? Check all that apply.

The government needs to raise taxes or cut spending.

The government spends too much money.

The government should produce more money to cover spending.

The government almost always spends more than it collects.

The government needs to lower taxes to cover spending.

The correct answers are A) The government needs to raise taxes or cut spending. B) The government spends too much money. D) The government almost always spends more than it collects.

The statements that describe what this graph indicates about government spending are the following: The government needs to raise taxes or cut spending. The government spends too much money. The government almost always spends more than it collects.

That is why it is so important that the federal government really analyzes the balance between the money it collects compared to the money it spends. If the federal government spends more money on what it collects, it generates a deficit. If it has a deficit, it creates an unbalance in public finances that "drags" large debt and deficit that compromises the US economy.

ogorwyne ogorwyne · Answer 2 · 2022-01-21T14:26:50+01:00

The statements that describes what the graph indicates about the spending is that

The government needs to raise taxes or cut spending.
The government spends too much money.
The government almost always spends more than it collects.

What the question is telling us is that the government is on a deficit. This means that their expenditure has come to be more than what they have being getting.

The government is spending much more than the amount of money that it has according to the graph.