The Table Below Shows Aggregate Values for a Hypothetical Economy

question 19

Multiple Choice

The table below shows aggregate values for a hypothetical economy.Suppose that this economy has real GDP equal to potential output.
TABLE 25-3
-Refer to Table 25-3.What is the level of combined budget surpluses of all levels of government in this economy?

• A)$50
• B)$100
• C)$500
• D)-$200
• E)-$500

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Definitions:

Exogenous Depression

Depression caused by external factors or events, rather than by internal psychological or biological factors.

Euphoric Joy

An intense state of happiness and well-being that can sometimes be disproportionate to the actual situation, occasionally observed in various psychiatric conditions.

Explanation

The act of making something clear or understandable by describing the relevant facts or ideas.

Social Reinforcements

Positive or negative stimuli provided by others that increase the likelihood of a behavior being repeated.