When the GDP growth rate slows, we expect the budget deficit to increase because of the impacts of the following two automatic s

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vovikov84 [41]

2 years ago

11

When the GDP growth rate slows, we expect the budget deficit to increase because of the impacts of the following two automatic s

tabilizers: ______.

SAT

1 answer:

JulsSmile [24] · Answer 1 · 2023-03-11T05:01:54+03:00

When the GDP growth rate slows, we expect the budget deficit to increase because of the impacts of two automatic stabilizers such as:

Transfer payments increase.

Tax revenue declines.

This is referred to as gross domestic product and is the value of all the finished goods and services made within a country during a given period of time.

The budget deficit will however experience an increase due to the factors mentioned above.

Read more about GDP here brainly.com/question/1383956

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