If the federal budget has an actual budget surplus of $75 billion, but a cyclically adjusted budget surplus of $50 billion, then the economy must be above potential real GDP

Counting part-time workers who are looking for full-time work as employed overstates the degree of joblessness in the economy

Indicate whether the statement is true or false

The federal government gets most of its revenue from

A. personal income taxes. B. property taxes. C. sales taxes. D. payroll taxes.