The Actual Budget Deficit Is Equal to the

question 213

Multiple Choice

The actual budget deficit is equal to the

• A) structural deficit plus the cyclical deficit.
• B) structural deficit minus the cyclical deficit.
• C) structural deficit.
• D) cyclical deficit.

---

Definitions:

Deindustrialization

Term describing decline of manufacturing in old industrial areas in the late twentieth century as companies shifted production to low-wage centers in the South and West or in other countries.

U.S. Economy

The economic system of the United States, characterized by a mixed economy with significant levels of both private and public sector activity.

1970s

A decade known for significant cultural, political, and technological changes worldwide, including the end of the Vietnam War and the beginning of the environmental movement.

Manufacturers

Entities engaged in the industrial production of goods, transforming raw materials into finished products on a large scale.