Next question The table shows the tax revenues and the outlays of a nation at each level of real GDP. Real GDP Tax revenues Outlays What is the budget deficit when real GDP is $4 trillion? (trillions of dollars) >>> When you are asked to report a deficit, it is reported as a positive number. If you are asked to report the budget balance, and that balance is a deficit, then it is reported as a negative number. 3 0.1 0.5 4 0.2 0.4 0.3 0.3 When real GDP is $4 trillion, the budget deficit is $ trillion. 0.4 0.2 0.5 0.1 >> Answer to 1 decimal place.
Next question The table shows the tax revenues and the outlays of a nation at each level of real GDP. Real GDP Tax revenues Outlays What is the budget deficit when real GDP is $4 trillion? (trillions of dollars) >>> When you are asked to report a deficit, it is reported as a positive number. If you are asked to report the budget balance, and that balance is a deficit, then it is reported as a negative number. 3 0.1 0.5 4 0.2 0.4 0.3 0.3 When real GDP is $4 trillion, the budget deficit is $ trillion. 0.4 0.2 0.5 0.1 >> Answer to 1 decimal place.
Chapter11: Managing Aggregate Demand: Fiscal Policy
Section11.B: Algebraic Treatment Of Taxes And Fiscal Policy
Problem 3TY
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![Next question
The table shows the tax revenues and the outlays of a nation at each level of real GDP.
Real GDP
Tax revenues
Outlays
What is the budget deficit when real GDP is $4 trillion?
(trillions of dollars)
>>> When you are asked to report a deficit, it is reported as a positive number. If you are asked to report the budget balance, and that balance is a deficit, then
it is reported as a negative number.
3
0.1
0.5
4
0.2
0.4
.....
0.3
0.3
When real GDP is $4 trillion, the budget deficit is $
trillion.
0.4
0.2
7
0.5
0.1
>>> Answer to 1 decimal place.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F789fa26b-aea4-415a-b989-a47938b2b9cb%2F4368c5b7-8795-4c92-84a1-d7f5088d7773%2F3al84gj_processed.png&w=3840&q=75)
Transcribed Image Text:Next question
The table shows the tax revenues and the outlays of a nation at each level of real GDP.
Real GDP
Tax revenues
Outlays
What is the budget deficit when real GDP is $4 trillion?
(trillions of dollars)
>>> When you are asked to report a deficit, it is reported as a positive number. If you are asked to report the budget balance, and that balance is a deficit, then
it is reported as a negative number.
3
0.1
0.5
4
0.2
0.4
.....
0.3
0.3
When real GDP is $4 trillion, the budget deficit is $
trillion.
0.4
0.2
7
0.5
0.1
>>> Answer to 1 decimal place.
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