Please answer the following in AP Macroeconomics FRQ style.

30. (Module 30) The economy of Rayton can be described by the following statistics: Current real GDP = $10,000 Full employment real GDP = $12,000 Tax revenue = $3000 Government transfer payments = $1000 Government spending = $3000 a. In what stage of the business cycle is the Rayton economy? Explain. b. What is the current budget balance in Rayton? Show your work. c. How does Rayton's current budget balance compare to the cyclically adjusted budget balance? Explain. d. Senator Fullington, an influential politician in Rayton, has argued that the budget must be balanced. How could this be accomplished? How would balancing the budget affect real GDP in Rayton? (8 points)