A Scenario When the Government Spends More Than It Collects

question 6

Multiple Choice

A scenario when the government spends more than it collects in taxes is called ______________.

• A) inflation
• B) deflation
• C) a budget surplus
• D) a budget deficit
• E) the national debt

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Definitions:

Alderfer

Psychologist Clayton Alderfer developed the ERG theory, which outlines three core needs: Existence, Relatedness, and Growth, as motivation drivers.

Maslow

Refers to Abraham Maslow, an American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority.

Growth Needs

Refers to the intrinsic desire for personal development, achievement, and self-actualization beyond basic material or survival needs.

Physiological Needs

The basic physical requirements for human survival, such as air, water, food, shelter, and sleep, which must be met to pursue higher-level needs.