At the End of 2011 the U

question 15

Multiple Choice

At the end of 2011 the U.S.government had a debt of about $10.12 trillion.During 2012 inflation was about 2.5% and real GDP grew about 1.6%.What is the largest deficit the government could have had in 2012 without raising the ratio of debt to GDP?

• A)about 414.9 billion
• B)about 404.8 billion
• C)about 253.0 billion
• D)about 161.9 billion

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Definitions:

Federal Judgeship

A position that involves serving as a judge within the federal judiciary of a country, appointed to interpret and apply federal laws and the constitution.

Unanimous Vote

A voting outcome where all participants agree and there are no dissenting voices.

Judicial Review

The power of courts to assess the constitutionality of laws and government actions, striking down those that violate the constitution.

Marbury v. Madison

The 1803 Supreme Court case that established the principle of judicial review in the United States, confirming the judiciary's authority to invalidate legislation or executive actions deemed unconstitutional.