This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Surpluses, Deficits and Calculation the Budget BalanceSuppose the federal budget deficit for the ... (Read 173 times)

Gabby

  • Full Member
  • ***
  • Posts: 153
on: Nov 23, 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
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Gabby on Nov 23, 2022

Sha

  • Full Member
  • ***
  • Posts: 179
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


Gabby

  • Member
  • Posts: 153
Reply 2 on: Nov 23, 2022
Wow, this really help

samiel-sayed

  • Member
  • Posts: 337
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Annual Federal Deficit (or Surplus), 1992–2016 Annual Federal Deficit (or Surplus), 1992–2016
Calculation of body mass index. To determine your BMI, find the value for your height on the left ... Calculation of body mass index. To determine your BMI, find the value for your height on the left ...
Calculation of the Value of Depletion for the 14 Most Important Minerals Calculation of the Value of Depletion for the 14 Most Important Minerals
Significant Figures Calculation Significant Figures Calculation
Flexible exchange rates are supposed to prevent long-term trade deficits. Flexible exchange rates are supposed to prevent long-term trade deficits.
Calculation of the probabilities in a mating involving the ABO blood type Calculation of the probabilities in a mating involving the ABO blood type
Video: Transcription - Introns and exons

For a complete list of videos, visit our video library