The Data Below Provides the Actual and Structural Budget Deficits,as

question 67

Multiple Choice

The data below provides the Actual and Structural Budget Deficits,as a percentage of real GDP,for Canada between 1999 and 2010.Note that a negative value in the table indicates a budget surplus.
TABLE 31-2
-Refer to Table 31-2.Consider the years 2008-2010.The fact that the actual budget deficit in each year was greater than the structural budget deficit reflects the fact that

• A)output was equal to potential.
• B)fiscal policy was contractionary over that time.
• C)fiscal policy was expansionary over that time.
• D)actual GDP was less than potential in each of those years.
• E)actual GDP was greater than potential in each of those years.

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Definitions:

Culdoscopy

A diagnostic medical procedure that examines the female pelvic organs by inserting an endoscope through the vagina into the rectovesical pouch.

Laparoscopy

A minimally invasive surgical procedure using a laparoscope to examine or operate on the interior of the abdominal or pelvic cavities.

Hysteroscopy

A procedure that allows a doctor to look inside the uterus to diagnose and treat causes of abnormal bleeding.

Follicular Phase

The phase of the menstrual cycle during which follicles in the ovary mature; it ends with ovulation.