When the Unemployment Rate Increases, the Budget

question 265

Multiple Choice

When the unemployment rate increases, the budget:

• A)is unaffected.
• B)tends to move into deficit.
• C)tends to move into a surplus.
• D)remains neutral.

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Definitions:

Sound System

A collection of electronic components designed to produce, amplify, and deliver audio signals.

Selling Price

The price at which an item is offered for sale to potential buyers.

PST

Provincial Sales Tax, a tax imposed by some Canadian provinces on the sale of goods and services.

Sweater Costing

The process of determining the production and associated costs of manufacturing a sweater.