Question
Consider the following economy. C = 1000 + 0.8YD T = 0.25Y I = 325 G = 225 X = 450 M = 0.1Y If
Consider the following economy.
C = 1000 + 0.8YD
T = 0.25Y
I = 325
G = 225
X = 450
M = 0.1Y
If potential GDP is 1000, the government has...
a.
A structural deficit.
b.
A structural surplus.
c.
It depends on the actual level of GDP.
d.
A structurally balanced budget.
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Microeconomics
Authors: Christopher T.S. Ragan, Richard G Lipsey
14th canadian Edition
321866347, 978-0321866349
