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What's the Difference Between a Structural and a Passive Budget

question 18

Essay

What's the difference between a structural and a passive budget deficit? What contributes to a passive deficit? Use the distinction between passive and structural deficits and surpluses to explain how the surplus in 2000 quickly disappeared during the 2001/2002 recession.


Definitions:

Intelligence Bases

Facilities or locations where intelligence agencies operate to collect, analyze, and process information relevant to national security.

Formosa Resolution

The Formosa Resolution was a measure passed by the U.S. Congress in 1955, authorizing the President to defend Taiwan (Formosa) against armed attack.

American Troops

Individuals serving in the United States Armed Forces, which encompasses the Army, Navy, Marine Corps, Air Force, and Coast Guard.

1955

The year 1955 is notable for several historical events, including the Montgomery Bus Boycott, which marked the beginning of the civil rights movement in the United States.

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