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:

Insurance Policy

A contract between an insurer and a policyholder, specifying the terms under which the insurer agrees to compensate the policyholder for specified losses or damages.

Door-to-Door

Door-to-door refers to a direct selling method where salespeople visit potential customers in their homes or offices to sell products or services.

Service Salesperson

A professional who specializes in selling intangible products, such as service contracts or subscriptions.

Tangible Goods

Physical items that can be seen, touched, and possessed, including things like electronics, clothing, and furniture.