There is a structural deficit when government spending is greater than revenue
A) during a deflation.
B) during a recessionary gap.
C) during an inflationary gap.
D) and the national debt is decreasing.
E) when the economy is at potential GDP.
Correct Answer:
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Q129: The cyclical deficit
A) is a persistent economic
Q130: Automatic stabilizers
A) require action by Parliament.
B) are
Q131: Government should not try to
A) eliminate budget
Q132: Due to automatic stabilizers, when real GDP
Q133: During a recession, tax revenues
A) fall and
Q135: All of the following increase the budget
Q136: Income taxes make up almost half of
Q137: Government taxes, transfers and spending work like
Q138: A government begins the year with a
Q139: The structural deficit is the deficit
A) in
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