-The Table Above Gives Some of the Entries in the National

question 272

Multiple Choice

-The table above gives some of the entries in the national income and product accounts. The government sector has a ________, and the private sector has a ________.

• A) surplus of $50 billion; surplus of $25 billion
• B) deficit of $50 billion; surplus of $25 billion
• C) surplus of $50 billion; deficit of $25 billion
• D) deficit of $50 billion; deficit of $25 billion

---

Definitions:

Public Assistance Programs

Government programs that pay benefits to those who are unable to earn income (because of permanent disabilities or because they have very low income and dependent children); financed by general tax revenues and viewed as public charity (rather than earned rights).

Social Insurance Programs

Government-sponsored programs that provide financial assistance to individuals in events of unemployment, disability, or old age, funded through payroll taxes.

Incidence of Poverty

Refers to the proportion or rate at which poverty affects a population, typically measuring how widespread poverty is within a certain group or area.

African Americans

A demographic group in the United States characterized by ancestry from sub-Saharan Africa.