In Which of the Following Situations Does the Government NOT

question 70

Multiple Choice

In which of the following situations does the government NOT need to balance its budget?

• A) if nominal GDP grows faster than the growth in debt
• B) if nominal GDP grows slower than the growth in debt
• C) if inflation is zero
• D) if inflation is higher than the growth in debt

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Definitions:

Committees

Groups of people designated to perform specific functions or tasks within an organization, often consisting of members with relevant expertise.

Functional Areas

Divisions within a business or organization that specialize in particular tasks or operations, such as marketing, finance, or human resources.

Work Groups

Teams within an organization focused on completing specific tasks or projects.

Integrative Culture

A corporate culture that emphasizes collaboration, inclusivity, and teamwork to achieve a cohesive, unified workplace environment.