The Cyclically-Adjusted Surplus as a Percentage of GDP Is 1

question 28

Multiple Choice

The cyclically-adjusted surplus as a percentage of GDP is 1 percent in Year 1. This surplus becomes a deficit of 2 percent of GDP in Year 2. It can be concluded from Year 1 to Year 2 that:

• A) Fiscal policy turned more expansionary
• B) Fiscal policy turned more contractionary
• C) GDP increased
• D) GDP decreased

---

Definitions:

Analytical Reports

Documents that present data analysis, findings, and recommendations based on systematic research.

Unsolicited Proposal

A proposal submitted to a potential client or partner without their request, often aiming to solve a problem or offer services.

Request-For-Proposals Format

A structured document format used by organizations to solicit bids or proposals from potential suppliers or service providers.

Analytical Reports

Documents that provide a detailed examination and interpretation of data or findings, often used to support decision-making processes.