D Question 32 2.5 pts The GDP gap is: the product of the potential real GDP and the equilibrium level of real GDP. O the distance between the current level of real gross domestic product and full employment real GDP the difference between potential real GDP and the actual equilibrium level of real GDP. the difference between the present value of all of government's projected financial obligations and the present value of all projected future tax and other receipts, the difference between the actual output of an economy and its potential output. Question 33 2.5 pts Discretionary fiscal policy is best defined as: O the deliberate change in tax laws and government spending to change equilibrium income. O the deliberate manipulation of the money supply to expand the economy. O the arbitrary fluctuation in tax laws and budget requirements. O the automatic change in certain fiscal instruments when real GDP changes. O the policy action taken by the Congress to reduce the federal budget deficit. Question 34 2.5 pts Which of the following is not a means of financing government spending? Government subsidies Personal income taxes Printing new money Issuing government bonds