During the Twentieth Century,the Largest Budget Deficits as a Percentage

question 240

Multiple Choice

During the twentieth century,the largest budget deficits as a percentage of GDP occurred

• A)during the 1990s.
• B)during the 1980s.
• C)during the Vietnam war.
• D)during World Wars I and II.

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Definitions:

Profiteering

The act of making an excessive or unfair profit, especially in unethical ways or during times of crisis or shortage.

Income Tax

Income tax is a tax levied by governments on individuals or entities based on their income or profits.

Urban Neighborhood

A sector within a city characterized by distinct residential and/or commercial areas, often with its own unique identity or culture.

Ethnic Background

Refers to a person's heritage, cultural identity, and ancestry, often related to a specific group characterized by shared traditions, languages, or historical origins.