Multiple Choice
The cyclical surplus is $450 billion, potential output is $10 trillion and tax rate is 15 percent. With this information, we can infer that the actual output of this economy is:
A) $13 trillion.
B) $13.5 trillion.
C) $6 trillion.
D) $6.5 trillion.
Correct Answer:
Verified
Correct Answer:
Verified
Q80: What's the difference between a structural and
Q81: How is government debt different from an
Q82: Paying interest on internal government debt involves
Q83: If actual income is $300 billion, potential
Q84: If an economy operates below potential income,
Q86: In order to calculate the real deficit,
Q87: During World War II, the economic recession
Q88: An economy's actual income is $800 billion,its
Q89: Deficits may be desirable in the short
Q90: Holding the nominal deficit, nominal interest rate,