The correct option is A.
Fiscal policy refers to those government policies which are targeted at managing the economy by controlling tax, spending and federal budget.
Military spending are part of the federal budget that are prepared in US every year.<span />
<span> the rate of inflation for that year is 10%
To calculate the rate of inflation for that year, we need to use this formula:
Rate of inflation = (CPI2 - CP1) / CPI1
Rate of inflation = (275 - 250) / 250
Rate of inflation = 25 / 250
Rate of inflation = 1 / 10
Rate of inflation = 10 %</span>
Wants = desires
Economics = study of production, consumption, and distribution of wealth
Demand = what people want to have produced
Saving = abstaining from consumption; not using
Supply = amount of a good produced
Needs = food, clothing, shelter
