The Deficit Is the Amount by Which a Given Year's

question 5

Multiple Choice

The deficit is the amount by which a given year's spending exceeds that year's __________.

• A)appropriations
• B)tax expenditures
• C)revenue
• D)national debt

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Definitions:

Self-serving Bias

A common cognitive bias where individuals attribute positive outcomes to their own actions but blame external factors for negative outcomes.

Dispositional Explanation

An attribution that ascribes behavior to innate qualities of the individual, such as personality traits or temperaments, rather than to external circumstances.

Situational Explanation

The interpretation of behavior or events based on the context or circumstances in which they occur, rather than attributing them to personal traits.

Situational Explanation

An explanation that attributes behavior to external factors, circumstances, or situations rather than to individual characteristics.