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Jestion 6 Refer to the graph to answer this question. Which of the following is verified by the graph? NTR G Spending and N TR

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Jestion 6 Refer to the graph to answer this question. Which of the following is verified by the graph? NTR G Spending and N TR G1 Y2 V1 Y3 Real GDP NTR2 O That a budget surplus exists if government spending is G1 and real GDP is Y1. That a budget deficit exists if government spending is G2 and real GDP is Y1. O The reduction in government spending from G, to G2 would produce real GDP equilibrium at Y1. O If government spending was reduced from Gy to Go the budget surplus at Y2 would disappear if real GDP remained at Y3. O That the budget is balanced if government spending is Gy and real GDP is Y3

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