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Refer to the Above Diagram Wherein T Is Tax Revenues

Question 149

Multiple Choice

Refer to the above diagram wherein T is tax revenues and G is government expenditures.All figures are in billions.If GDP is $400:

A) there will be a budget deficit.
B) there will be a budget surplus.
C) the budget will be balanced.
D) the macroeconomy will be in equilibrium.

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