Between 2009 and 2013,
A)both the actual and the structural deficit fell substantially.
B)both the actual and the structural deficit rose substantially.
C)the actual deficit rose, while the structural deficit fell substantially.
D)the structural deficit rose, while the actual deficit fell substantially.

Question

Quizplus · Accepted Answer

Between 2009 and 2013, many countries implemented austerity measures and other policies to recover from the global financial crisis of 2007-2008. These measures aimed to reduce government spending and deficits. As a result, both the actual and the structural deficits fell substantially in several economies during this period. The actual deficit refers to the difference between what a government spends and what it earns in a given year, while the structural deficit adjusts the actual deficit to account for the effects of the economic cycle.