The difference between tax revenues and government expenditures that would result if GDP were at its potential level is called the
A) permanent income budget balance.
B) net relative expenditure differential.
C) Ricardian equivalence.
D) balanced budget shortfall.
E) structural deficit.
Correct Answer:
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Q24: Q25: The United States' national debt Q26: An increase in the structural deficit most Q27: About what percentage of national output does Q28: The structural deficit is Q30: If the structural deficit shows a surplus Q31: The United States' national debt Q32: The national debt differs from consumer debt Q33: An outcome associated with a large national Q34: The size of the structural deficit tells
A) has been
A) the deficit necessary
A)
A) is approximately
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