If the Federal Government Runs a Budget Deficit,but the Budget

question 7

Multiple Choice

If the federal government runs a budget deficit,but the budget deficit as a percent of GDP is less than the growth rate of real output,the

• A)national debt will decrease as a share of GDP.
• B)national debt will remain a constant share of GDP.
• C)national debt will increase as a share of GDP.
• D)size of the national debt (in dollar value)will decline.

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Definitions:

Outcome Fairness

The perception among individuals that the outcomes of a decision or process are just, equitable, and appropriate.

Outcome Fairness

The perception that the results of a decision or process are distributed equitably among stakeholders.

Procedural Justice

The fairness and transparency of the processes that lead to outcomes or decisions, impacting the perceived legitimacy and acceptance of those decisions.

Employment at Will

Employment principle that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause.