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-The Figure Above Shows Tax Revenues and Government Expenditures in the Economy

Question 142

Multiple Choice

-The figure above shows tax revenues and government expenditures in the economy of Meadowlake. Potential GDP is $13 trillion. If real GDP is $13 trillion, then the government has a _________ A) structural surplus B) cyclical surplus C) balanced budget D) cyclical deficit
-The figure above shows tax revenues and government expenditures in the economy of Meadowlake. Potential GDP is $13 trillion. If real GDP is $13 trillion, then the government has a _________


A) structural surplus
B) cyclical surplus
C) balanced budget
D) cyclical deficit

Correct Answer:

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