Identify the Incorrect Statement About the U.S.federal Deficit

question 68

Multiple Choice

Identify the incorrect statement about the U.S.federal deficit.

• A)The U.S.is now the world's leading creditor.
• B)The U.S.borrows huge sums from abroad.
• C)Some critics blame U.S.fiscal policy as reflected in the large federal deficits for the switch of the U.S.from creditor to debtor nation.
• D)Japan and China are big buyers of U.S.Treasury securities.
• E)The federal budget,on an average,had a deficit of 3.0 percent relative to GDP.

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Definitions:

Cultural Change

The transformation of the culture of a group or society, which may occur naturally through external influences or through deliberate efforts.

Organizational Culture

Pertains to the collective ideals, convictions, and standards that affect employees' perceptions, emotions, and actions in a workplace setting.

Resistance To Change

The reluctance or refusal to accept new ideas or alterations to the status quo, often seen in organizational or personal contexts.

Organizational Culture

A system of shared assumptions, values, and beliefs which governs how people behave in organizations, significantly influencing employee morale and performance.