What's the Difference Between a Structural and a Passive Budget

question 80

Essay

What's the difference between a structural and a passive budget deficit? What contributes to a passive deficit? Use the distinction between passive and structural deficits and surpluses to explain how the $5.9 trillion surplus that economists back in 2000 predicted would occur over 15 years quickly disappeared during the 2001/2002 recession

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Definitions:

Self-Focused Emotions

Emotions that derive from reflecting on one's own behavior, traits, or status, such as pride, shame, or guilt, which can influence one's sense of self and self-esteem.

Loose Culture

Describes a society or social group that has relatively relaxed norms and behaviors, allowing a wider range of acceptable behaviors and beliefs among its members.

Collectivist

Pertaining to cultures or societies that value the group over the individual, emphasizing community and collaboration.

Tight

In the context of culture, refers to societies with strict norms, social sanctions, and expectations for conformity.