The amount of the structural deficit is equal to the amount of tax revenue received minus federal expenditures for the current fiscal year.
Tax revenues received minus federal expenditures are equal to the entire federal budget deficit.Tax revenues received minus federal expenditures at full employment are equal to the structural deficit or structural surplus.The budget balance includes both cyclical and structural components.

Question

Quizplus · Accepted Answer

The structural deficit refers to the budget deficit that would exist even if the economy were at full employment, excluding cyclical factors. It is not simply the difference between tax revenues and expenditures for the current fiscal year.

The Amount of the Structural Deficit Is Equal to the Amount