What Is Government Spending on Goods and Services in Excess

question 136

Multiple Choice

What is government spending on goods and services in excess of net tax revenue called?

• A)Monetizing the debt.
• B)A budget deficit.
• C)A budget surplus.
• D)Pro-cyclical fiscal policy.

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Definitions:

Meritocracy

A societal system where advancement in society is based on an individual's capabilities and merit rather than on family, wealth, or social class.

Discrimination

Discriminatory behavior that unfavorably targets people belonging to distinct categories, mainly due to their racial background, age, gender, or physical limitations.

Gender Biased

Indicates a preconceived preference or prejudice toward one gender over the other, often resulting in unequal treatment.

Caste System

A traditional form of social stratification based on hereditary status, often associated with Hindu society in India, that dictates social positions and occupations.