Suppose the government surplus is 3 percent of real GDP, but economists say that the structural surplus

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Suppose the government surplus is 3 percent of real GDP, but economists say that the structural surplus is 2 percent. Is real GDP currently above or below potential GDP? Why?

Draw the diagram showing this situation.

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Principles Of Macroeconomics

ISBN: 9781453334980

9th Edition

Authors: John B. Taylor, Akila Weerapana

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Question Posted: Oct 19, 2024 06:02 AM

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Suppose the government surplus is 3 percent of real GDP, but economists say that the structural surplus

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Principles Of Macroeconomics

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