Which of the Following Is True of a Budget Deficit

question 96

Multiple Choice

Which of the following is true of a budget deficit?

• A)It increases during economic expansions.
• B)It increases during recessions.
• C)It occurs when government revenues exceed government expenditure.
• D)It occurs when total exports exceed total imports.
• E)It occurs when real output exceeds aggregate demand in an economy.

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Definitions:

Aggregated Data

Information that has been compiled into summaries, often for the purposes of public reporting or statistical analysis.

Inference Errors

involve mistakes or incorrect conclusions drawn from statistical data due to various factors such as sampling error, measurement error, or flawed reasoning.

Ecologic Study

A type of epidemiological study where the units of analysis are populations or groups of people rather than individuals.

Recall Bias

A systematic error caused by differences in the accuracy or completeness of the recollections retrieved by study participants about past events or experiences.