Structural deficit or surplus and cyclical deficit-surplus
Course:- Business Economics
Reference No.:- EM13978310

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If the actual budget deficit is $200 billion, the economy is operating $450 billion above its potential, and the marginal tax rate is 14 percent, what are the structural deficit or surplus and the cyclical deficit or surplus?

The structural deficit is ?$ billion.

The cyclical surplus is ? $ billion.

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