Which of the Following Statements Is Correct

question 118

Multiple Choice

Which of the following statements is correct?

• A)The cyclically adjusted budget and the actual budget differ because the latter does not take government transfer payments into account.
• B)The cyclically adjusted budget is less likely to show a deficit than is the actual budget.
• C)The cyclically adjusted budget and the actual budget will show the same size deficit or surplus in any given fiscal year.
• D)The cyclically adjusted budget is more likely to show a deficit than is the actual budget.

---

Definitions:

Ethical Standards

Principles that govern the conduct of individuals and organizations, ensuring actions are morally right and in accordance with accepted social norms.

Cultural Context

Pertains to the environmental and social factors that influence the values, behaviors, practices, and communication of individuals or groups.

Universalism

A philosophy or ethical stance emphasizing fairness, equality, and the importance of treating all people and cultures with respect.

Spotlight Questions

Questions that test the ethics of a decision by exposing it to scrutiny through the eyes of family, community members, and ethical role models.