In December 2012 the structural deficit was estimated to be $325 billion and the cyclical deficit was estimated to be $700 billion.The total deficit equaled ________ billion.
A) $1,025
B) $375
C) $700
D) None of the above answers are correct.

Question

Quizplus · Accepted Answer

The total deficit is equal to the sum of the structural and cyclical deficits. 
Thus, Total Deficit = Structural Deficit + Cyclical Deficit
Total Deficit = $325 billion + $700 billion
Total Deficit = $1,025 billion 
Therefore, the correct answer is A) $1,025 billion.

In December 2012 the Structural Deficit Was Estimated to Be