Under a Balanced Budget Policy, a Sharp Rise in GDP

question 53

Multiple Choice

Under a balanced budget policy, a sharp rise in GDP will cause

• A)no serious budget changes.
• B)a tax cut or an increase in expenditures.
• C)a tax increase or expenditure cut.
• D)tax receipts to exceed government expenditures.

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Definitions:

Ethics Compliance Officers

Professionals responsible for ensuring that an organization's actions are in line with legal standards and ethical practices within their industry.

Fraud

The intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right, often involving financial transactions.

Employee Training

A program designed to enhance the knowledge and skills of employees, improving their performance and efficiency.

Rationalize

To attempt to justify with logical reasons, even if these are not appropriate or relevant.