The Structural Deficit Is That Deficit That Would Exist

question 12

Multiple Choice

The structural deficit is that deficit that would exist

• A) with the taxes and outlays that would occur if the economy was at the equilibrium level of real GDP.
• B) with the taxes and outlays that would occur if the economy was at the full employment level of real GDP.
• C) if tax rates were set to maximize tax revenues.
• D) if there were no discretionary fiscal interventions into the economy.

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Definitions:

Board of Directors

A group of individuals elected to represent shareholders and make major decisions regarding the corporation such as corporate policy, strategy, and overall direction.

Instrumental Values

Core values or beliefs that guide individuals in achieving their life goals and objectives.

Managers

Managers are individuals responsible for planning, leading, organizing, and controlling resources, including human, financial, and informational, to achieve organizational goals.

Instrumental Value

The utility or usefulness of something in achieving a goal or fulfilling a purpose.