Just wondering if you could break this question down for me?
Just wondering if you could break this question down for me?
Potential GDP is $12 trillion and if real GDP equaled potential GDP, the budget deficit would be $1 trillion.
Real GDP actually equals $14 trillion and budget surplus is $3 trillion.
The economy has a structural ________ and a cyclical ______________
looking for structural surplus/deficit and cyclical deficit/surplus in exact quantities
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