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According to Rosen, Harvey S. and Ted Gayer (2010)Public Finance, 9th edition (Boston, MA: McGraw-Hill/Irwin),Chapter 20: Deficit Finance. https://b-ok.cc/book/5483127/c3d724 1. How realistic is it to

According to Rosen, Harvey S. and Ted Gayer (2010)Public Finance, 9th edition (Boston, MA: McGraw-Hill/Irwin),Chapter 20: Deficit Finance.

https://b-ok.cc/book/5483127/c3d724

1. How realistic is it to come up with precise numbers for the structural and cyclical budget deficit?

2.Provide an example for why it would be useful for the U.S. government to distinguish between capital and current expenditures?

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