The Accompanying Table Shows the Cyclically Adjusted Budget De?cit as

question 264

Multiple Choice

$$\begin{array} { | c | c | } \hline \text { Year } & \text { Deficit it as a \% of GDP } \\\hline 1 & 1.5 \% \\\hline 2 & 1.4 \\\hline 3 & 2.0 \\\hline 4 & 1.8 \\\hline 5 & 1.5 \\\hline\end{array}$$ The accompanying table shows the cyclically adjusted budget de?cit as a percentage of GDP over a ?ve-year period. In which year was ?scal policy turning more expansionary?

• A) Year 2
• B) Year 3
• C) Year 4
• D) Year 5

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Definitions:

Non-Strategic Investments

Non-strategic investments are investments made by a company that do not align directly with its core business activities or strategic goals.

Fair Value

The estimated market price of an asset or liability, reflecting the amount for which it could be exchanged in an orderly transaction between knowledgeable, willing parties.

Trading Investment

Investments in financial instruments held for the purpose of selling them in the short term for a profit.

Realized Gain

It refers to the profit made from the sale of an asset or investment, which has been completed and is no longer just a theoretical or paper value.