The Deficit (As a Fraction of GDP) Is Anticipated to Rise

question 37

Multiple Choice

The deficit (as a fraction of GDP) is anticipated to rise over the next several decades due to projections of:

• A) decreased income tax revenues.
• B) increased spending on entitlements.
• C) decreased corporate tax revenues.
• D) increased defence spending.
• E) increased inflation.

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Definitions:

Instinctual Needs

The fundamental biological and psychological needs driving behavior, such as needs for food, safety, and attachment.

Moral Standards

Principles or rules of behavior that individuals and societies consider to be ethically right or acceptable, guiding conduct in various situations.

Conscious Mind

The aspect of the mind that involves awareness of the immediate surroundings, thoughts, and sensations.

Libido

A term often used in psychoanalytic theory to denote the energy associated with the sexual drive and desire.