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

Question 146

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 and actual GDP are each $400 billion, this economy will Realize a A) cyclically adjusted deficit of $20 billion. B) cyclical deficit of $20 billion. C) cyclical surplus of $20 billion. D) cyclically adjusted deficit of zero. 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 and actual GDP are each $400 billion, this economy will
Realize a


A) cyclically adjusted deficit of $20 billion.
B) cyclical deficit of $20 billion.
C) cyclical surplus of $20 billion.
D) cyclically adjusted deficit of zero.

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