During the Twentieth Century,the Largest Budget Deficits as a Percentage

question 240

Multiple Choice

During the twentieth century,the largest budget deficits as a percentage of GDP occurred

• A)during the 1990s.
• B)during the 1980s.
• C)during the Vietnam war.
• D)during World Wars I and II.

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Definitions:

Turnover

In business, turnover is the total amount of revenue generated by a company from the sale of goods or services, or it can refer to the rate at which employees leave a business and are replaced by new employees.

Minimum Required Rate

The lowest expected rate of return on an investment that makes it acceptable to an investor, considering risk and opportunity cost.

Residual Income

A measure of a company's profitability, calculated by subtracting the cost of capital from operating profits.

Minimum Required Rate

The lowest rate of return that an investment must yield to be considered acceptable.