From the End of 2005 to the End of 2006,the

question 17

Multiple Choice

From the end of 2005 to the end of 2006,the United States ran a deficit of about $309 billion.The debt at the start of this period was about $4,592 billion.Which of the following combinations of inflation and real GDP growth would have allowed the government to run this deficit while keeping the ratio of real GDP to the debt about the same?

• A)about 3% inflation and about 2.2% real GDP growth
• B)about 3% inflation and about 3.2% real GDP growth
• C)about 3.4% inflation and about 3.3% real GDP growth
• D)about 3.4% inflation and about 4% real GDP growth

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Definitions:

Strategic Planning

The process of defining an organization's direction and making decisions on allocating its resources to pursue this strategy.

Increased Revenue

The growth in the total amount of money earned or received by an organization, typically as a result of enhanced sales or services.

Improved Programs

Initiatives or projects that have been enhanced in terms of efficiency, effectiveness, reach, or quality, often through feedback, innovation, or additional resources.

Goals

Specific, measurable objectives that an individual or organization plans to achieve within a set timeframe.