Suppose an Economy Is Operating Above Potential Real GDP and the Government

question 58

Multiple Choice

Suppose an economy is operating above Potential Real GDP and the government has a structural surplus equal to $150 billion.If the total government surplus is equal to $170 billion then the cyclical surplus is equal to:

• A)$150 billion.
• B)$320 billion.
• C)$170 billion.
• D)$20 billion.

---

Definitions:

Role Clarification

The process of making sure that everyone involved in a project understands their responsibilities, tasks, and the expectations of their role.

Similar Roles

Positions or responsibilities within an organization or team that share common attributes, duties, or objectives.

Responsibility Matrix

A tool used in project management to assign tasks, duties, or responsibilities to team members or departments, clarifying roles and expectations.

Responsibilities

Specific duties or obligations assigned to individuals or teams as part of their role or position.