6. What is a cyclical budget deficit?

A budget deficit that occurs because of a change of government
A budget deficit that occurs because of changes in economic growth which result in changes in automatic stabilisers
A budget deficit that occurs because of occurs because of government discretionary spending. This is the deficit that remains regardless of whether the economy is in slump or boom

7. What is a structural deficit?

A budget deficit that occurs because of occurs because of government discretionary spending. This is the deficit that remains regardless of whether the economy is in slump or boom
A budget deficit that occurs because of changes in economic growth which result in changes in automatic stabilisers
A budget deficit that occurs because of a change in government

Government discretionary spending is where the government has to spend more money because of a recession
Government discretionary spending is where the government deliberately alters government spending/taxation
Government discretionary spending is where the government spends money
Government discretionary spending is where government spending and taxation alter due to changes in the economic cycle

Public sector net debt as a proportion of GDP should not be held at a stable and prudent level, other things being equal net debt should be maintained below 40% of GDP over the economic cycle
Public sector net debt as a proportion of GDP should be held at a stable and prudent level, other things being equal net debt should be maintained below 4% of GDP over the economic cycle
Public sector net debt as a proportion of GDP should be held at a stable and prudent level, other things being equal net debt should be maintained below 40% of GDP over the economic cycle
Public sector net debt as a proportion of GDP should not be held at a stable and prudent level, other things being equal net debt should be maintained below 4% of GDP over the economic cycle

A measure of the total output, expenditure or income of an economy after adjusting for changes in the price level
Total spending on capital goods not adjusted for the effects of capital depreciation, including replacement investment
A measure of the total demand for a country’s goods and services after adjusting for changes in the price level
The total amount that producers are willing and able to supply at a given point in time and a given price level

The total amount that producers are willing and able to supply at a given point in time and a given price level
Total spending on capital goods not adjusted for the effects of capital depreciation, including replacement investment
A measure of the total demand for a country’s goods and services after adjusting for changes in the price level
A measure of the total output, expenditure or income of an economy after adjusting for changes in the price level