The Data Below Provides the Actual and Structural Budget Deficits,as

question 90

Multiple Choice

The data below provides the Actual and Structural Budget Deficits,as a percentage of real GDP,for Canada between 1999 and 2010.Note that a negative value in the table indicates a budget surplus. TABLE 31-2 Refer to Table 31-2.Consider the years 2008-2010.The fact that the actual budget deficit in each year was greater than the structural budget deficit reflects the fact that

• A)output was equal to potential.
• B)fiscal policy was contractionary over that time.
• C)fiscal policy was expansionary over that time.
• D)actual GDP was less than potential in each of those years.
• E)actual GDP was greater than potential in each of those years.

Recognize the impact of economies of scale on the benefits from trade.

Understand the concept and calculation of Days Sales Outstanding (DSO) and its relation to firm's credit and collection policies.

Grasp the economic order quantity (EOQ) model and its relevance in inventory management.

Comprehend the effects of changes in credit policy on sales, receivables, and profitability.

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