Currently,virtually the entire deficit in the U.S.is

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Quizplus · Accepted Answer

A structural deficit reflects a long-term imbalance between spending and revenue that persists even during periods of economic growth. Cyclical deficits, on the other hand, vary with the business cycle and are a result of changes in economic activity. Transitional deficits occur when the economy is transitioning between periods of growth and contraction, while frictional deficits result from short-term issues such as unemployment or natural disasters. As the deficit in the U.S. has been a persistent issue, it is likely best categorized as a structural deficit.

Currently,virtually the Entire Deficit in the U.S.is