The Statement "Balancing the Budget on the Backs of the Poor

question 47

Multiple Choice

The statement "balancing the budget on the backs of the poor" refers to

• A)Transfer payment cuts in order to reduce government expenditures.
• B)Tax increases on the poor in order to increase government revenues.
• C)Government spending increases in order to increase aggregate expenditures.
• D)Government spending cuts on public parks in order to reduce government expenditures.

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Definitions:

Productivity

The efficiency with which inputs, like labor and capital, are converted into outputs, typically measured as a ratio of output to input.

Percent

A part per hundred, a unit of measure used to express the fraction of a quantity relative to one hundred parts of the total.

Industrial Country

A nation with a significant level of development and industrial capacity, often characterized by a high standard of living and a diverse economy.

Work Hours

The period of time during a day, week, or other period that is scheduled for work.