A Cyclically Adjusted Budget Balance

question 81

Multiple Choice

A cyclically adjusted budget balance:

• A)shows what the budget balance would be with a significant amount of cyclical unemployment.
• B)is an estimate of what the budget balance would be if real GDP were equal to potential output.
• C)is a good indicator of the structural deficit in the economy.
• D)is the same as the national debt, and it rises as interest cost is accrued.

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Definitions:

Bladder

A hollow organ in the pelvic area that stores urine from the kidneys before it is excreted through the urethra.

Marine Cartilaginous Fishes

Fish that have a skeleton made of cartilage rather than bone, including sharks, rays, and skates.

Water Loss

The process by which water is eliminated from an organism or ecosystem through evaporation, transpiration, or excretion.

Urea

A nitrogenous waste product formed in the liver from the breakdown of proteins and excreted in urine.