-Refer to the figure above to answer this question.Which of the following statements is verified by the graph? A)A budget surplus exists if government spending is G₁ and real GDP is Y₁. B)A budget deficit exists if government spending is G₁ and real GDP is Y₁. C)If government spending was reduced from G₁ to G₂,the budget surplus at Y2 would decrease. D)NTR is a function of the level of government spending.

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The Answer of -Refer to the figure above to answer this question.Which of the following statements is verified by the graph? A)A budget surplus exists if government spending is G₁ and real GDP is Y₁. B)A budget deficit exists if government spending is G₁ and real GDP is Y₁. C)If government spending was reduced from G₁ to G₂,the budget surplus at Y2 would decrease. D)NTR is a function of the level of government spending.

-Refer to the Figure Above to Answer This Question