Which of the following relationships is correct?
A) Cyclical deficit = actual budget deficit + structural deficit
B) Actual budget deficit = structural deficit + cyclical deficit
C) Cyclical surplus = actual budget deficit - cyclical deficit
D) Actual budget deficit = structural deficit - cyclical deficit
Correct Answer:
Verified
Q69: Q70: An increase in taxes on labour income Q71: An example of automatic fiscal policy is Q72: The structural surplus Q73: The cyclical deficit is the portion of Q75: The Laffer curve shows that increasing _ Q76: The demand- side effect of a change Q77: The structural deficit or surplus is the
A)is legally required to be
A)actual
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