The Structural Deficit Is

question 4

Multiple Choice

The structural deficit is

• A)directly attributable to the long-run behavior of the economy.
• B)not directly attributable to the cyclical behavior of the economy.
• C)the result of permanent decisions policymakers have made about tax rates,the level of government spending,and benefit levels for transfer programs.
• D)Both b and c

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Definitions:

Prices

The cost of acquiring a product or service, influenced by elements like market supply and consumer demand.

Opportunity Costs

Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Gain From Trade

The benefit or advantage resulting from the exchange of goods or services between parties.

International Trade

The movement of goods and services across the demarcations of international borders or territories.