Regarding structural deficits, which of the following assertions is true?

A. The structural deficit depends on the state of the economy.
B. The structural deficit is based on actual expenditures and receipts.
C. The structural deficit changes only when policy changes.
D. The structural deficit changes when GDP changes.


Answer: C

Economics

You might also like to view...

How does the imposition of a penalty for possessing an illegal drug influence demand, supply, price, and the quantity of the drug consumed?

What will be an ideal response?

Economics

Suppose pigs (P) can be fed corn-based feed (C) or soybean-based feed (S) such that the production function is P = 2C + 5S. If the price of corn feed is $2 and the price of soybean feed is $6, what is the cost-minimizing fee combination producing P = 200?

a. C = 100 b. S = 40 c. C = 50, S = 20 d. All points on the P = 200 isoquant would cost the same.

Economics

Explain why a firm's shut-down decision does not incorporate the fixed costs of the production facility.

What will be an ideal response?

Economics

What is a normal rate of return?

What will be an ideal response?

Economics