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-Refer to the Above Diagram Wherein T Is Tax Revenues

Question 45

Multiple Choice

  -Refer to the above diagram wherein T is tax revenues and G is government expenditures.All figures are in billions.The budget will entail a deficit: A)  at all levels of GDP. B)  at any level of GDP above $400. C)  at any level of GDP below $400. D)  only when GDP is stable.
-Refer to the above diagram wherein T is tax revenues and G is government expenditures.All figures are in billions.The budget will entail a deficit:


A) at all levels of GDP.
B) at any level of GDP above $400.
C) at any level of GDP below $400.
D) only when GDP is stable.

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