The Structural Deficit or Surplus

question 115

Multiple Choice

The structural deficit or surplus

• A)shows the government where to make cuts in expenditures to follow the balanced budget requirement.
• B)reveals the complicated structure underlying government spending and tax policy.
• C)is the hypothetical deficit or surplus under current fiscal policies if the economy were operating near full employment.
• D)includes all government budgets-federal, state, and local.