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Title: Surpluses, Deficits and Calculation the Budget BalanceSuppose the federal budget deficit for the ... Post by: tsk on Nov 10, 2022 Surpluses, Deficits and Calculation the Budget Balance
Suppose the federal budget deficit for the year was $120 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 $70 billion higher and government spending on transfer payments would have been $90 billion lower. Based on these estimates, the cyclically adjusted budget ________. ▸ deficit was $140 billion ▸ surplus was $40 billion ▸ surplus was $160 billion ▸ deficit was $20 billion Title: Surpluses, Deficits and Calculation the Budget BalanceSuppose the federal budget deficit for the ... Post by: jaymaster on Nov 10, 2022 Content hidden
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