The Table Above Gives a Nation's Government Outlays and Tax

question 43

Multiple Choice

$$\begin{array} { c c c } & \begin{array} { c } \text { Government } \\\text { outlays } \\\text { (trillions of }\end{array} & \begin{array} { c } \text { Tax revenue } \\\text { (trillions of }\end{array} \\\text { Year } & \text { 2005 dollars) } & \text { 2005 dollars) } \\\hline 2005 & 0.75 & 0.80 \\2006 & 0.80 & 0.83 \\2007 & 0.87 & 0.86 \\2008 & 0.95 & 0.95 \\2009 & 1.06 & 1.02 \\\hline\end{array}$$
The table above gives a nation's government outlays and tax revenue for 2005 through 2009.
-During which years, if any, did the country have a balanced budget?

• A) 2005 and 2006
• B) 2009 only
• C) 2008 only
• D) 2007 and 2009
• E) all except 2008

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Definitions:

Laissez-Faire Style

A leadership approach characterized by minimal direct supervision, where team members have the freedom to make decisions and solve problems on their own.

Leadership Styles

Various approaches to guiding, directing, and motivating individuals or teams, including autocratic, democratic, and laissez-faire styles, among others.

Minimum Control

refers to a management strategy where the least amount of control necessary is applied, promoting autonomy and empowerment among employees.

Leadership Contingency Theory

A theory that suggests the effectiveness of a leadership style is contingent upon the context and situation.