The Cyclically Adjusted Surplus as a Percentage of GDP Is

question 145

Multiple Choice

The cyclically adjusted surplus as a percentage of GDP is 1 percent in Year 1. This surplus becomes a deficit of 2 percent of GDP in Year 2. It can be concluded that from Year 1 to Year 2,

• A) fiscal policy turned more expansionary.
• B) fiscal policy turned more contractionary.
• C) GDP increased.
• D) GDP decreased.

---

Definitions:

Mentoring

A relationship in which a more experienced or knowledgeable person helps to guide a less experienced or less knowledgeable person.

Professional Behavior

Conduct or actions that are appropriate and expected in the workplace, characterized by respect, competence, and adherence to ethical standards.

Self-Talk

Internal dialogue, consisting of thoughts or verbalizations that individuals have with themselves.

High Self-Esteem

A positive view of oneself, characterized by confidence in one's abilities, worth, and value.