When a Decrease in One or More Components of Private

question 151

Multiple Choice

When a decrease in one or more components of private spending completely offsets the increase in government spending,there is

• A) incomplete crowding out.
• B) zero crowding out.
• C) complete crowding out.
• D) complete crowding in.
• E) either c or d

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Definitions:

Revenue

The income generated from normal business operations, such as the sale of goods or services.

Budget

A detailed plan for the future that is usually expressed in formal quantitative terms.

Activity Measure

An allocation base in an activity-based costing system; ideally, a measure of the amount of activity that drives the costs in an activity cost pool.

Patient-visits

A measure used in healthcare to quantify the number of visits or interactions patients have with healthcare providers.