If the Government Wants to Close a GDP Gap, It

question 51

Multiple Choice

If the government wants to close a GDP gap, it should:

• A)borrow funds from the public by issuing bonds.
• B)lower taxes and raise government spending.
• C)lower government spending on social security.
• D)raise both direct and indirect tax rates.
• E)adopt contractionary fiscal policies to control inflation.

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Definitions:

Certificates

Official documents recognizing the completion of a course of study or verifying qualifications.

Degrees

Qualifications awarded by educational institutions, such as colleges or universities, to signify the completion of a course of study.

Meritocracy

A system where individuals are rewarded and advanced based on talent, effort, and achievements, rather than background or connections.

Working-Class Background

Describes individuals or families belonging to the social group primarily engaged in manual labor with limited economic and educational resources.