Refer to the Data in the Table Above

question 110

Multiple Choice

Refer to the data in the table above. In which year was the cyclical deficit the largest?

• A) 2000
• B) 1999
• C) 2003
• D) 2004

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Definitions:

Investment

Positioning funds with the foresight of generating earnings or profits.

Years

A unit of time used to measure duration, typically used to denote experience or age.

Trust Fund

A legal arrangement through which assets are held by a trustee for the benefit of another party, often used for estate planning or to manage wealth.

Scholarships

Financial aid provided to students based on academic or other achievements to support their education, and does not have to be repaid.