The Government's Structural Budget Deficit Is the Budget Deficit That

The government's structural budget deficit is the budget deficit that would exist

A) if real GDP were equal to potential GDP.
B) with taxes and expenditures measured at the equilibrium level of GDP.
C) if policy were changed to eliminate the business cycle.
D) if tax rates were set to maximize tax revenues.
E) if there were no discretionary fiscal interventions in the economy.