Y5

For example, if the GDP falls because the economy is slowing down, A) receipts will B) . That's because both household C) and corporate D) will go E) . This would likely lead to a budgetary F) , everything else remaining constant. Or, conversely, if the economy were to speed up causing the GDP to G) , federal revenues from both corporate and personal income H) would I) . This, ceteris paribus, would likely lead to a budgetary J) .

Word bank

1) Administrative 22) Lenders 2) Bonds 23) Less 3) Borrowers 24) More 4) Borrowing 25) Non-discretionary 5) Contractionary 26) Operational 6) Crowding-Out 27) Political 7) Decline 28) Private 8) Deficit(s) 29) Profit(s) 9) Demand 30) Public 10) Discretionary 31) Republican 11) Down 32) Recession(ary) 12) Economic 33) Recognition 13) Expansionary 34) Right 14) Fall 35) Rise 15) Fiscal 36) Spend(ing) 16) Income(s) 37) Surplus(es) 17) Increase(s) 38) System 18) Inflation(ary) 39) Tax(es)(ing) 19) Interest 40) Timing 20) Investment 41) Unemployment 21) Left 42) Up