If We Look at Governmental Budgets Over Time Using Nominal

question 61

Multiple Choice

If we look at governmental budgets over time using nominal figures,we

• A) have a clearer understanding of the real size of the budget
• B) are able to focus on the real impact of government spending on potential GNP
• C) tend to overestimate the size of the budgetary growth
• D) usually underestimate the size of the burden of the debt
• E) are ignoring what we can learn from nominal data

---

Definitions:

Inexpensive

Not costing a lot of money; affordable.

Limited Availability

The condition of being available to consumers or users in restricted quantities or for a short time.

Expensive

Having a high price or cost, often relative to the perceived value or quality of the item.