-Using the above figure, if full employment occurs at $15 trillion and the economy is actually producing $15 trillion, then there is a
A) structural deficit.
B) cyclical surplus.
C) structural surplus.
D) cyclical deficit.

Question

-Using the above figure, if full employment occurs at $15 trillion and the economy is actually producing $15 trillion, then there is a
A) structural deficit. 
B) cyclical surplus. 
C) structural surplus. 
D) cyclical deficit.

Quizplus · Accepted Answer

When the economy is producing at full employment, any surplus is considered structural, as it is not related to the business cycle.

-Using the Above Figure, If Full Employment Occurs at $15