From 2007 to 2009, the Federal Deficit as a Percentage

question 154

Multiple Choice

From 2007 to 2009, the federal deficit as a percentage of GDP rose from about 2 percent to about 9 percent. This indicates that by 2009,

• A) all of the deficit was cyclical.
• B) most of the deficit was cyclical.
• C) all of the deficit was structural.
• D) most of the deficit was structural.

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Definitions:

Social Institutions

Social institutions are complex, integrated sets of social norms organized around the preservation of a basic societal value, such as family, religion, and education.

Business Backgrounds

Refers to the professional and educational experience that an individual possesses in the field of business.

Capitalists

Individuals or entities owning capital or assets, investing in businesses or projects with the expectation of making a profit.

Management Theorists

Individuals or scholars who study and develop ideas about how organizations can be effectively managed and operated.