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 surplus for the ... (Read 184 times)

tashina2013

  • Full Member
  • ***
  • Posts: 147
on: Nov 23, 2022
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
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 tashina2013 on Nov 23, 2022

Preeti

  • Full Member
  • ***
  • Posts: 163
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


tashina2013

  • Member
  • Posts: 147
Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

sultansheikh

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Annual Federal Deficit (or Surplus), 1992–2016 Annual Federal Deficit (or Surplus), 1992–2016
Example of calculation of days in accounts receivable (AR). Example of calculation of days in accounts receivable (AR).
Gross pay calculation. Gross pay calculation.
Surpluses and shortages question Surpluses and shortages question
Binomial-probability calculation of seed-color phenotype in six-seeded pods Binomial-probability calculation of seed-color phenotype in six-seeded pods
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library