A Structural Deficit

question 63

Multiple Choice

A structural deficit

• A)is present only if real GDP is greater than potential.
• B)exists even if real GDP equals potential.
• C)equals the cyclical deficit plus the actual deficit.
• D)occurs when the economy is in a recession.
• E)is greater than a cyclical deficit.

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Definitions:

Organizational Learning

The process through which an organization improves and innovates by acquiring, sharing, and utilizing knowledge.

Cognitive Process

The mental actions or processes involved in acquiring knowledge and understanding through thought, experience, and the senses.

Social Processes

The patterns of interaction and social mechanisms that guide individual and group behavior.

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public.