Multiple Choice
The cyclical deficit is $400 billion, potential output is $9 trillion and the tax rate is 16 percent. With this information, we can infer that the actual output of this economy is:
A) $6 trillion.
B) $11.5 trillion.
C) $6.5 trillion.
D) $9 trillion.
Correct Answer:
Verified
Correct Answer:
Verified
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