Business, 19.12.2019 05:31, Elijah7934

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 the budget surplus is $3 trillion. the economy has a structural and a cyclical a. surplus of $3 trillion; surplus of $2 trillion b. deficit of $1 trillion; surplus of $2 trillion c. deficit of $1 trillion; surplus of $4 trillion d. surplus of $4 trillion; deficit of $1 trillion

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