Exhibit 26-1
-According to Exhibit 26-1, when real GDP equals potential GDP,
A)the cyclical budget is less than the structural budget.
B)there is a budget deficit.
C)the budget is balanced.
D)there is a budget surplus.
E)the cyclical budget is greater than the structural budget.

Question

Exhibit 26-1 
-According to Exhibit 26-1, when real GDP equals potential GDP,
A)the cyclical budget is less than the structural budget. 
B)there is a budget deficit. 
C)the budget is balanced. 
D)there is a budget surplus. 
E)the cyclical budget is greater than the structural budget.

Quizplus · Accepted Answer

The Answer of Exhibit 26-1 
-According to Exhibit 26-1, when real GDP equals potential GDP,
A)the cyclical budget is less than the structural budget. 
B)there is a budget deficit. 
C)the budget is balanced. 
D)there is a budget surplus. 
E)the cyclical budget is greater than the structural budget.

Exhibit 26-1 -According to Exhibit 26-1, When Real GDP Equals Potential GDP