Author Question: The value of the output produced in an economy reflects the value of the income generated by the ... (Read 70 times)

littleanan · **on:** Jun 30, 2018

The value of the output produced in an economy reflects the value of the income generated by the factors of production used to produce that output.

Indicate whether the statement is true or false

Question 2

During a recession the:

a. actual budget deficit is smaller than the structural budget deficit.
b. cyclical budget deficit is larger than the structural budget deficit.
c. actual budget deficit is larger than the structural budget deficit.
d. structural budget deficit is larger than the cyclical budget deficit.
e. none of the above.