-Using the above figure,if full employment occurs at $13 trillion,but the economy is actually producing $15 trillion,then there is a
A) cyclical deficit.
B) cyclical surplus.
C) structural deficit.
D) structural surplus.

Question

-Using the above figure,if full employment occurs at $13 trillion,but the economy is actually producing $15 trillion,then there is a
A) cyclical deficit. 
B) cyclical surplus. 
C) structural deficit. 
D) structural surplus.

Quizplus · Accepted Answer

The economy is producing more than full employment output, so there is a cyclical surplus.

-Using the Above Figure,if Full Employment Occurs at $13 Trillion,but