The Structural Deficit Is That Deficit That Would Exist

Multiple Choice

The structural deficit is that deficit that would exist

A) with the taxes and outlays that would occur if the economy was at the equilibrium level of real GDP.
B) with the taxes and outlays that would occur if the economy was at the full employment level of real GDP.
C) if tax rates were set to maximize tax revenues.
D) if there were no discretionary fiscal interventions into the economy.