-In the above figure, if actual GDP = $19 trillion, there is a budget ________ equal to ________.
A) surplus; $0.2 trillion
B) surplus; $1.3 trillion
C) deficit; $0.2 trillion
D) deficit; $1.1 trillion

Question

-In the above figure, if actual GDP = $19 trillion, there is a budget ________ equal to ________.
A) surplus; $0.2 trillion 
B) surplus; $1.3 trillion 
C) deficit; $0.2 trillion 
D) deficit; $1.1 trillion

Quizplus · Accepted Answer

The correct choice is A) surplus; $0.2 trillion. This implies that the government's revenue exceeds its expenditures by $0.2 trillion when the actual GDP is $19 trillion.

-In the Above Figure, If Actual GDP = $19 Trillion