
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
النسخة 20الرقم المعياري الدولي: 978-0077660772
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
النسخة 20الرقم المعياري الدولي: 978-0077660772 تمرين 13
Last year, while an economy was in a recession, government spending was $595 billion and government revenue was $505 billion. Economists estimate that if the economy had been at its full-employment level of GDP last year, government spending would have been $555 billion and government revenue would have been $550 billion. Which of the following statements about this government's fiscal situation are true?
A) The government has a non-cyclically adjusted budget deficit of $595 billion.
B) The government has a non-cyclically adjusted budget deficit of $90 billion.
C) The government has a non-cyclically adjusted budget surplus of $90 billion.
D) The government has a cyclically adjusted budget deficit of $555 billion.
E) The government has a cyclically adjusted budget deficit of $5 billion.
F) The government has a cyclically adjusted budget surplus of $5 billion.
A) The government has a non-cyclically adjusted budget deficit of $595 billion.
B) The government has a non-cyclically adjusted budget deficit of $90 billion.
C) The government has a non-cyclically adjusted budget surplus of $90 billion.
D) The government has a cyclically adjusted budget deficit of $555 billion.
E) The government has a cyclically adjusted budget deficit of $5 billion.
F) The government has a cyclically adjusted budget surplus of $5 billion.
التوضيح
Another correct answer is e. The governm...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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