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Sagot :
The fact that the U.S. had a federal budget surplus meant that A. U.S. government debt was reduced but not eliminated.
When a country has a budget surplus, it means that:
- The country had enough tax revenue to take care of its obligations
- The country did not have to borrow extra funding
- The country was able to pay off some debt
With the U.S. having a budget surplus, we can conclude that the U.S. was not only able to avoid borrowing more money, they were able to pay off some.
This means that they reduced the debt even though they did not eliminate it.
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