If G = $800 billion,tax receipts = $850 billion,and there is an inflationary gap of $100 billion,there is

Name: If G = $800 billion,tax receipts = $850 billion,and there is an inflationary gap of $100 billion,there is
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A budget surplus occurs when tax receipts exceed government spending. In this case, tax receipts are $850 billion and government spending (G) is $800 billion, indicating a budget surplus. The inflationary gap does not directly affect the determination of a budget surplus or deficit.

If G = $800 Billion,tax Receipts = $850 Billion,and There