The Table Below Shows the Full-Employment Budget Surplus as a Percentage

question 36

Multiple Choice

The table below shows the full-employment budget surplus as a percentage of GDP over a five-year period. Refer to the above information. In which year was fiscal policy contractionary?

• A) Year 2
• B) Year 3
• C) Year 4
• D) Year 5

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Definitions:

Luck

The experience of notably positive, negative, or improbable events that are not attributable to one's own actions and are considered to be influenced by chance.

Fate

The development of events beyond a person's control, regarded as predetermined by a supernatural power.

Smiles

Facial expressions formed primarily by flexing the muscles at the sides of the mouth, often expressing happiness or pleasure.

Underlying Emotion

The fundamental feeling or affect that lies beneath an individual's immediate emotional response or expression.