Solve the Problem. -In a Recent Year, the Total Receipts for the US

question 89

Multiple Choice

Solve the problem.
-In a recent year, the total receipts for the US federal government were $2154 billion. The total outlays were $2472 billion. The deficit was $318 billion. What would the deficit have been, if there
Had been a 0.5% decrease in total outlays?

• A)$302 billion
• B)$296 billion
• C)$306 billion
• D)$329 billion

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Definitions:

Free-Rider Effect

A phenomenon where individuals benefit from resources or goods without contributing to the cost or effort involved in their production or provision.

Ethnomethodology

Method devised by Garfinkel, involving the violation of hidden norms to reveal their presence.

Personal Attraction

Liking for someone based on idiosyncratic preferences and interpersonal relationships.

Social Attraction

The force that draws individuals towards each other, leading to friendships, romantic relationships, or other forms of social connections.