Suppose the federal budget deficit for the year was $100 billion and the economy was in a recession

If the economy had been at potential GDP, it is estimated that tax revenues would have been $60 billion higher and government spending on transfer payments $50 billion lower. Using these estimates, the cyclically adjusted budget
A) deficit was $210 billion. B) deficit was $110 billion.
C) surplus was $110 billion. D) surplus was $10 billion.

D

Economics

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A cost that arises from the production or consumption that falls on someone other than the producer or consumer is called

A) a negative benefit. B) a public choice impact. C) a positive externality. D) a negative externality. E) a private good.

Economics

Suppose that you expect during the next year the dollar will appreciate against the pound from 0.5 pound to the dollar to 0.75 pound to the dollar

How much will you expect to make on an investment of $10,000 in British government securities that will mature in one year and pay interest of 8%? A) -59.5% B) -28% C) 8% D) 28%

Economics