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Basic Question 6 of 8
A structural surplus is the surplus that occurs when ______
II. real GDP is more than potential GDP.
III. real GDP is less than potential GDP.
IV. the economy is at full employment.
I. real GDP equals potential GDP.
II. real GDP is more than potential GDP.
III. real GDP is less than potential GDP.
IV. the economy is at full employment.
User Contributed Comments 5
| User | Comment |
|---|---|
| wink44 | Structural surplus/deficits occur when Real GDP = Potential GDP. Cyclical surplus/deficits occur when real GDP differs from potential GDP. |
| achu | Think of "structural" as long term! In long run, Real GDP = potential GDP, and we're at Yf. |
| Gooner7 | nice achu |
| gill15 | bless you |
| applelee | thank u |
I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe roles and objectives of fiscal policy as well as arguments as to whether the size of a national debt relative to GDP matters
CFA® 2024 Level I Curriculum, Volume 1, Module 3.