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100 80 G 60 T.G ($) 40 20 0 $100 200 300 400 500 600 700 800 900 GDP Refer to the diagram, where 7
100 80 G 60 T.G ($) 40 20 0 $100 200 300 400 500 600 700 800 900 GDP Refer to the diagram, where 7 is tax revenues and G Is government expenditures. All figures are In billions of dollars. If the full-employment GDP Is $400 billion, while the actual GDP Is $200 billion, the cyclically adjusted budget deficit Is Multiple Choice O $40 billion. O zero. O $60 billion. O $20 billion
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