If the structural deficit is $80 billion and the cyclical deficit is $150 billion,it follows that the __________ is __________ billion.
A) public debt; $230
B) total budget deficit; $70
C) total budget deficit; $230
D) net public debt; $70
E) none of the above

Question

Quizplus · Accepted Answer

The total budget deficit is the sum of the structural deficit and the cyclical deficit. Therefore, $80 billion + $150 billion = $230 billion. Therefore, option C is the correct answer.

If the Structural Deficit Is $80 Billion and the Cyclical