Assume that in Atlantis the actual deficit is $200 billion. If Atlantis were at full employment, the deficit would be $50 billion. The structural deficit in Atlantis is

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The structural deficit is the budget deficit that would exist even if the economy were at full employment. In this case, it's stated that the deficit would be $50 billion if Atlantis were at full employment, making the structural deficit $50 billion.

Assume That in Atlantis the Actual Deficit Is $200 Billion