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Author Question: Surpluses, Deficits and Calculation the Budget BalanceSuppose the federal budget deficit for the ... (Read 162 times)

Gabby

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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
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Marked as best answer by Gabby on Nov 23, 2022

Sha

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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.
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Gabby

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

epscape

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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