The "Official Measure" of the Deficit (The One Reported by the Government)

question 20

Multiple Choice

The "official measure" of the deficit (the one reported by the government)

• A)tells us the change in government nominal debt.
• B)is equal to nominal interest payments on the debt plus the primary deficit.
• C)overestimates the real budget deficit whenever the inflation rate is positive.
• D)all of the above
• E) none of the above

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Definitions:

ROTC

A college-based program for training commissioned officers of the United States Armed Forces.

Nikita Khrushchev

A Soviet leader during the Cold War, known for de-Stalinization, the Cuban Missile Crisis, and his role in the space race.

Cuban Missile Crisis

A 13-day confrontation in October 1962 between the United States and the Soviet Union over Soviet ballistic missiles deployed in Cuba, considered the closest the Cold War came to escalating into a full-scale nuclear war.

Vienna

The capital city of Austria, known for its cultural contributions, historical significance in European politics, and as the host of major international diplomatic events.