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Author Question: Surpluses, Deficits and Calculation the Budget BalanceSuppose the federal budget surplus for the ... (Read 99 times)

tashina2013

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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
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Marked as best answer by tashina2013 on Nov 23, 2022

Preeti

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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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tashina2013

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Reply 2 on: Nov 23, 2022
Excellent

chereeb

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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