Structural Budget Surplus Is the Hypothetical Surplus We Would Have

question 58

True/False

Structural budget surplus is the hypothetical surplus we would have under current fiscal policies if the economy were operating near full employment.

---

Definitions:

Political Support

Refers to the backing or endorsement of a politician, political party, or policy by individuals, groups, or organizations.

Farm Subsidies

Financial support from governments to farmers to help stabilize food prices, ensure a steady food supply, and support agricultural sectors.

Rent-Seeking Activity

Economic activities aimed at increasing one's share of existing wealth without creating new wealth, often through manipulation or exploitation of resources.

Food-Stamp Program

A U.S. federal aid program, now known as the Supplemental Nutrition Assistance Program (SNAP), that provides food-purchasing assistance for low- and no-income people.