In Comparing the Changes in Actual Budget Surplus and the Structural

question 163

Multiple Choice

In comparing the changes in actual budget surplus and the structural surplus between 1993 and 1999, it is clear that the

• A)actual surplus rose less than the structural surplus.
• B)actual surplus and the structural surplus rose about the same.
• C)actual surplus rose much more than the structural surplus.
• D)tax increases of 1993 decreased the structural surplus more than they decreased the actual surplus.

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Definitions:

SWOT Analysis

A strategic planning tool that evaluates an organization's strengths, weaknesses, opportunities, and threats.

External Environment

The external factors, forces, situations, and events outside the organization that can affect its performance.

Internal Environment

Factors within a company such as culture, employees, policies, and internal relationships, that influence its operations and performance.

Fiscal Year

A twelve-month period used for accounting purposes and preparing financial statements.