Under a Balanced Budget Policy, a Sharp Rise in GDP

question 53

Multiple Choice

Under a balanced budget policy, a sharp rise in GDP will cause

• A)no serious budget changes.
• B)a tax cut or an increase in expenditures.
• C)a tax increase or expenditure cut.
• D)tax receipts to exceed government expenditures.

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Definitions:

Predictable

Characterized by being able to be foreseen or expected based on certain indicators or patterns.

Prejudice

involves preconceived opinions or judgments formed without factual basis or experience, often leading to unfair treatment of individuals or groups.

Gender Egalitarianism

The belief in or advocacy for equal rights, responsibilities, and opportunities for men and women.

Institutional Collectivism

The degree to which organizational and societal cultural norms and practices encourage and reward collective distribution of resources and collective action.