The Table Below Shows the Full-Employment Budget Surplus as a Percentage

question 72

Multiple Choice

The table below shows the full-employment budget surplus as a percentage of GDP over a five-year period. Refer to the above information.In which year was fiscal policy contractionary?

• A)Year 2
• B)Year 3
• C)Year 4
• D)Year 5

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Definitions:

Evaluation Methods

Techniques and procedures used to assess the effectiveness, performance, or value of employees, projects, or programs within an organization.

Training Program

A structured educational process by which individuals are taught the skills needed for specific jobs or tasks within an organization.

Cost-Benefit Analysis

A decision-making process that compares the costs and benefits of a project or decision to assess its feasibility.

Future Role

Anticipated or envisioned function, responsibilities, or position of an individual or entity within a future timeframe.