The first plans of Carter and Ford to compare the economy, helped by Ford, increased taxes and Carter increased government spending. Thus option 4th is correct.
What is economy?
Economy refers to the affairs related to the money. It is also known as the study of money. Om simple terms it can be defined as the management of the funds by the government, community, business or family.
For instance, Stock market system in the United States is the example of the economy.
In order to compare the economy with that of the world's economy, ford increased the rate of the taxes, whereas Carter increased the spending of the government.
Therefore, it can be concluded that Carter expanded government spending while Ford aided by raising taxes in their first intentions to compare the economies. Hence, option 4th is correct.
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