G Spending and NTR Budget Deficit Budget Surplus Y1 Y1 Y2 Y2 A) In a deficit. B) In a surplus. Y3 OC) Balanced. Y3 NTR Real GOP Refer to the graph above to answer this question. If real GDP is equal toY2, then the budget will be: BL Real GDP K

G Spending and NTR Budget Deficit Budget Surplus Y1 Y1 Y2 Y2 A) In a deficit. B) In a surplus. Y3 OC) Balanced. Y3 NTR Real GOP Refer to the graph above to answer this question. If real GDP is equal toY2, then the budget will be: BL Real GDP K

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter23: The Aggregate Expenditure Model

Section: Chapter Questions

Problem 12P

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G Spending and NTR
Budget Defice Budget Surplus
YI
A) In a deficit.
B) In a surplus.
V3
C) Balanced.
NTR
Refer to the graph above to answer this question. If real GDP is equal toY2, then the
budget will be:
Real COP
Real GDP

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