structural deficit

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Assume that the actual deficit is $150 billion with the economy well below potential output and that the level of economic activity rose to its potential level while tax revenues increased by $50 billion and transfer payments fell by $20 billion. Then, what is the structural deficit?

  1. $180 billion

  2. $120 billion

  3. $220 billion

  4. $80 billion EFFICIENTLY ORDER A 5 STAR COLLEGE TERM PAPER NOW Answer 2 Scenario Questions Accurately Now

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