Below is some data for a hypothetical economy:

-Refer to the information above to answer this question.At equilibrium GDP,what is the value of the budget surplus/deficit?
A)-130
B)20
C)+20

Question

Below is some data for a hypothetical economy:
 
-Refer to the information above to answer this question.At equilibrium GDP,what is the value of the budget surplus/deficit?
A)-130 
B)20 
C)+20

Quizplus · Accepted Answer

At equilibrium GDP, the government's spending equals its tax revenue, resulting in a balanced budget with no surplus or deficit. Therefore, the value of the budget surplus/deficit is 0. Choice D is the correct answer.

Below Is Some Data for a Hypothetical Economy