Taking Some Types of Spending "Off Budget" Means

question 17

Multiple Choice

Taking some types of spending "off budget" means

• A) not counting that spending as part of the official budget.
• B) borrowing to finance it instead of using tax revenue.
• C) eliminating that spending.
• D) financing the spending by special one-time taxes.

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Definitions:

Euro

The official currency of the eurozone, which is used by 19 of the 27 European Union countries.

Net Exports

The value of a country's total exports minus its total imports, measuring the net trade of goods and services with other economies.

Nominal Exchange Rate

The rate at which one country's currency can be traded for another country's currency.

Yuan

The currency unit of the People's Republic of China, often used to denote the basic monetary unit.