Which of the Following Did Not Cause the Budget Deficit

question 102

Multiple Choice

Which of the following did not cause the budget deficit to grow larger since 2001?

• A) the fast growing economy since 2003
• B) the war in Iraq
• C) the larger in unemployment benefit claims in 2003
• D) the tax cuts in 2001 and 2003

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Definitions:

Ending Inventory

Merchandise value set for sale by the end of a fiscal period.

Days' Sales

A financial ratio that calculates the average time it takes for a company to convert its inventory into sales.

Average Inventory

The mean value of inventory within a certain period, calculated to help understand inventory levels and turnover.

Ending Inventory

The total value of all inventory a company has on hand at the end of its financial period.