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

Question 144

Multiple Choice

-The figure above shows tax revenues and government expenditures in the economy of Meadowlake. Potential GDP is $15 trillion. If real GDP is $11 trillion, then the government has a_________ A) structural deficit B) cyclical surplus C) structural surplus D) cyclical deficit
-The figure above shows tax revenues and government expenditures in the economy of Meadowlake. Potential GDP is $15 trillion. If real GDP is $11 trillion, then the government has a_________


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

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