From 1968 Till 1980,budget Deficit Was on Average Around ________

question 104

Multiple Choice

From 1968 till 1980,budget deficit was on average around ________ percent of natural GDP;and from 1981 till 1995,it was ________ percent of natural GDP.

• A)19.8;21.5
• B)21.5;19.8
• C)1.5;3.5
• D)3.5;1.5

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Definitions:

Canceled Checks

Checks that have been paid and processed by a bank, no longer negotiable, serving as proof of payment.

Negotiable

Capable of being transferred or exchanged with ease, often referring to financial instruments.

Internal Control System

Procedures and policies implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Company Policies

Guidelines and rules established by a company to govern its actions and decision-making processes.