In December 2012 the structural deficit was estimated to be $325 billion and the cyclical deficit was estimated to be $700 billion. That means that the actual budget deficit equaled ________ billion.

Question

Quizplus · Accepted Answer

The actual budget deficit is the sum of the structural deficit and the cyclical deficit, thus the answer is $325 billion + $700 billion = $1,025 billion.

In December 2012 the Structural Deficit Was Estimated to Be