As Conventionally Measured,budget Deficit and Surplus Calculations Include the Revenues

question 57

Multiple Choice

As conventionally measured,budget deficit and surplus calculations include the revenues and expenditures of

• A)only current government operations;government trust funds are omitted.
• B)all government trust funds except Social Security.
• C)the Social Security Trust Fund,but other government trust funds are omitted.
• D)all government trust funds,including Social Security.

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Definitions:

Homestead Exemption

A law permitting a debtor to retain the family home, either in its entirety or up to a specified dollar amount, free from the claims of unsecured creditors or trustees in bankruptcy.

Debtor

An individual or entity that owes money or an obligation to another, called the creditor.

Shelter

A structure that provides protection from weather, danger, or discomfort.

Surety

Surety is a financial arrangement where a third party (the surety) guarantees the performance of a primary party's obligations or undertakes to fulfill the primary party's obligations if the primary party fails to do so.