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The Diagram Below Shows the Budget Deficit Function for a Government

question 62

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The diagram below shows the budget deficit function for a government in a hypothetical economy. The diagram below shows the budget deficit function for a government in a hypothetical economy.   FIGURE 31-1 -Refer to Figure 31-1.For the given budget deficit function in the diagram,the government will have a budget surplus if 1) real GDP increases beyond $X million 2) the interest rate on government debt decreases 3) government expenditure decreases A) 1 only B) 2 only C) 3 only D) 1 or 2 or 3 E) 2 or 3 only FIGURE 31-1
-Refer to Figure 31-1.For the given budget deficit function in the diagram,the government will have a budget surplus if 1) real GDP increases beyond $X million
2) the interest rate on government debt decreases
3) government expenditure decreases

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