Which of the following best explains why a budget deficit develops?
A. Economic recession causes an increase in the number of Americans without jobs
B. Taxes do not increase at the same rate as government expenditures do.
C. Taxes increase faster than government spending does
D. The government does not make proper use of a stimulus package
E. The government takes more than its fair share of the gross domestic product
Answer: B. Taxes do not increase at the same rate as government expenditures do.
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A(n) ______ is a law enacted by a federal or state legislature
A) code B) interpretation C) precedent D) ordinance E) statute
Since 2000, the World Bank ______.
a. has been promoting democratization and globalization through socialist policies b. has given fewer grants to developing countries due to economic instability c. has not imposed policy requirements on countries receiving its loans d. has become heavily involved in promoting and funding the United Nations Millennium Development Goals