It Is Possible for the Budget Deficit to Change Even

question 74

True/False

It is possible for the budget deficit to change even if there is no change in discretionary fiscal policy.

---

Definitions:

Break-Even Point

The moment when total costs and total revenues are equal, resulting in no net loss or gain.

Least-Squares Regression

A statistical method used to determine the line of best fit by minimizing the sum of squares of the differences between observed values and the values predicted by the line.

Cost-Volume-Profit Analysis

A financial approach that analyzes the impact of cost and volume fluctuations on a firm's operational profit and overall earnings.

Break Even

The point at which total costs and total revenues are equal, meaning there is no profit or loss.