Which of the following would not be good ways to spend the borrowed money?

The government of the US has decided to run a budget deficit. Which of the following would not be good ways to spend the borrowed money? (Select all that apply)
Select all that apply:
Increased spending on Medicare
Improvements in public education
Rebate checks for all citizens
Investment in public highways

Expert Solution

Rebate checks for all citizens is the correct option. Budget deficit means when government spending is greater than tax revenue. It is not a good way to run budget deficit, but to provide rebate checks to all senior citizens or the needy ones would be the good way because those people will be helped. While other options are good way to increase government spending because the other options work towards the social welfare

Rahul Sunny answered 2 years ago

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