The PAYGO Rule Was Allowed to Expire in Which Year

question 57

Multiple Choice

The PAYGO rule was allowed to expire in which year?

• A)1990
• B)1991
• C)2002
• D)the PAYGO rule still exists

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Definitions:

Intermediate Goods

Goods that are used as inputs in the production of final goods, not intended for final consumption.

Inventory

The total amount of goods and materials a business holds for the ultimate goal of resale or production.

GDP

Gross Domestic Product, a measure of the economic output of a country, considered by calculating the total value of all final goods and services produced within that country over a specified period.

Disposable Personal Income

The total income households have after taxes and other deductions, available for spending, saving, or investment.