During Fiscal Year 2009, the Most Recent Mentioned in the Text

question 74

Multiple Choice

During fiscal year 2009, the most recent mentioned in the text, the federal government spent approximately

• A) $1.7 billion
• B) $1.8 trillion
• C) $3.5 trillion
• D) $14.0 trillion

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Definitions:

Aggregate Demand

The comprehensive demand for every type of good and service within an economy, identified at a given price level and time period.

Investment

is the allocation of resources, usually money, in expectation of earning a future return.

GDP Gap

The difference between the actual GDP and the potential GDP of an economy, indicating under-utilization or over-utilization of resources.

Government Bonds

Financial securities issued by a government to finance its budget deficits and various public sector projects.