The Cyclical Surplus Is $450 Billion, Potential Output Is $10

question 85

Multiple Choice

The cyclical surplus is $450 billion, potential output is $10 trillion and tax rate is 15 percent. With this information, we can infer that the actual output of this economy is:

• A)$13 trillion.
• B)$13.5 trillion.
• C)$6 trillion.
• D)$6.5 trillion.

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Definitions:

Emotional Stability

The trait of being relaxed, secure, and unworried.

Big Five

A model describing five major dimensions of human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Openness To Experience

The degree to which one is curious, receptive to new ideas, and imaginative.

Curiosity

A strong desire to learn or know something, often characterized by an inquisitive and explorative behavior.