Exhibit 26-1 -If real GDP equals C in Exhibit 26-1, A)the structural surplus is equal to S₂ - S₁. B)the cyclical surplus is equal to S₂. C)the cyclical surplus is equal to S₂ - S₁. D)there is no structural surplus. E)there is a balanced budget.

Question

Quizplus · Accepted Answer

The Answer of Exhibit 26-1 -If real GDP equals C in Exhibit 26-1, A)the structural surplus is equal to S₂ - S₁. B)the cyclical surplus is equal to S₂. C)the cyclical surplus is equal to S₂ - S₁. D)there is no structural surplus. E)there is a balanced budget.

Exhibit 26-1 -If Real GDP Equals C in Exhibit 26-1