Answered You can hire a professional tutor to get the answer.

QUESTION

Just wondering if you could break this question down for me?

Just wondering if you could break this question down for me?

Potential GDP is $12 trillion and if real GDP equaled potential GDP, the budget deficit would be $1 trillion.

Real GDP actually equals $14 trillion and budget surplus is $3 trillion.

The economy has a structural ________ and a cyclical ______________

looking for structural surplus/deficit and cyclical deficit/surplus in exact quantities

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question