A Structural Deficit

question 67

Multiple Choice

A structural deficit

• A)is present only if real GDP is greater than potential.
• B)exists even if real GDP equals potential.
• C)equals the cyclical deficit plus the actual deficit.
• D)is greater than a cyclical deficit.
• E)none of the above.

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Definitions:

Racketeering Influenced and Corrupt Organizations Act

A federal law, often referred to as RICO, designed to enable the prosecution of criminal acts performed as part of an ongoing organization.

General Contract Law

The body of law that governs agreements made between parties, outlining the rights and obligations of each.

Essence

The intrinsic, fundamental nature or most important quality of something.

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