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Refer to the Diagram, Where T Is Tax Revenues and G

Question 328

Multiple Choice

Refer to the diagram, where T is tax revenues and G is government expenditures. All figures are in billions of dollars. If the full-employment GDP is $400 billion, while the actual GDP is $300 billion, the Cyclical deficit is A) $30 billion. B) $20 billion. C) $10 billion. D) $50 billion. Refer to the diagram, where T is tax revenues and G is government expenditures. All figures are in billions of dollars. If the full-employment GDP is $400 billion, while the actual GDP is $300 billion, the
Cyclical deficit is


A) $30 billion.
B) $20 billion.
C) $10 billion.
D) $50 billion.

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