Problem 13-05 (algo) Refer to the following table for Waxwania: Government Expenditures, G Tax Revenues, T Real GOP $ 170 $ 90 G 450 170 110 550 170 130 650 176 150 750 176 170 Instructions: In part a, enter your answers as a whole number, In part b, round your answer to 2 decimal places. 3. Suppose that Waxwania is producing $550 of real GDP, whereas the potential real GDP (or full-employment real GDP) is $650. How large is its budget deficit? $ 60 0 How large is its cyclically adjusted budget deficit? $ J. How large is its cyclically adjusted budget deficit as a percentage of potential real GDP? percent :. Is Waxwania's fiscal policy expansionary, or is it contractionary? Expansionary