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Assume that in Atlantis the actual deficit is $200 billion. If Atlantis were at full employment, the deficit would be $50 billion. The structural deficit in Atlantis is


A) $50 billion.
B) $100 billion.
C) $150 billion.
D) $200 billion.

E) A) and B)
F) A) and C)

Correct Answer

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If taxes were a lump-sum amount, then the magnitude of the government spending multiplier ________ it would be if taxes depend on income.


A) is smaller than
B) is larger than
C) is equal to what
D) could be either larger than or smaller than

E) A) and B)
F) A) and C)

Correct Answer

verifed

verified

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