Top Posters
Since Sunday
8
5
z
4
n
4
t
4
k
3
x
3
r
3
m
3
j
3
c
3
l
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
kirstykirst kirstykirst
wrote...
Go to Answer
Posts: 145
Rep: 0 0
A year ago
Surpluses, Deficits and Calculation the Budget Balance

Suppose the federal budget surplus for the year was $110 billion and the economy was in a a expansion. If the economy had been at potential GDP, it is estimated that tax revenues would have been $65 billion lower and government spending on transfer payments would have been $85 billion higher. Based on these estimates, the cyclically adjusted budget ________.

▸ deficit was $40 billion

▸ surplus was $150 billion

▸ deficit was $20 billion

▸ surplus was $90 billion
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 40 times
1 Reply
Replies
Answer verified by a subject expert
jennaforierojennaforiero
wrote...
#1
Posts: 132
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

kirstykirst Author
wrote...

A year ago
Thanks for your help!!
Helpmeplease11
wrote...

Yesterday
This helped my grade so much Perfect
cartoon
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  380 People Browsing
 123 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4498
  
 137
  
 502
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 824
Previous poll results: How often do you eat-out per week?