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Gideon123 Gideon123
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5 years ago

Question 1.

If the economy's full-employment output is $9 trillion, actual output is $9 trillion, and the budget deficit is $20 billion, the deficit in this case is known as a



▸ natural employment deficit.

▸ cyclical deficit.

▸ structural deficit.

▸ fiscal deficit.

Question 2.

Assume that in Atlantis the actual deficit is $200 billion. If Atlantis were at full employment, the deficit would be $50 billion. The structural deficit in Atlantis is



▸ $50 billion.

▸ $100 billion.

▸ $150 billion.

▸ $200 billion.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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jaded 7.jaded 7.
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Gideon123 Author
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5 years ago
This helped my grade so much
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5 years ago
Perfect
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