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atroni [7]
2 years ago
13

If a structural surplus exists but the government's budget is balanced, then ______.

Social Studies
1 answer:
Viktor [21]2 years ago
7 0

If a structural surplus exists but the government's budget is balanced, then <u>real GDP is less than potential </u><u>GDP</u>.

<h3>What do you mean by Government's budget?</h3>

A government budget is referring to as the budget that consists of the documents made by government or other political entity representing its anticipated tax revenue.

Moreover, there are basically three types of government budget that consists of balanced budget, surplus budget and deficit budget.

In case of surplus in structural happens then the real GDP is less than the expected GDP. Here, GDP is defined as Gross Domestic product. These budgets are helpful to make a decision regarding tax and spending and for consuming and investing.

Adding to it, structural surplus is the difference between government of fiscal revenue at the time of cyclical peaks.

Learn more about government's budget, refer to the link:

brainly.com/question/12570800

#SPJ4

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What type of economy is Italy?
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Answer:

Italy has a diversified industrial economy, which is divided into a developed industrial north, dominated by private companies, and a less-developed, welfare-dependent, agricultural south, with high unemployment. The Italian economy is driven in large part by the manufacture of high-quality consumer goods produced by small and medium-sized enterprises, many of them family owned.

Italy also has a sizable underground economy, which by some estimates accounts for as much as 15% of GDP. These activities are most common within the agriculture, construction, and service sectors. Italy has moved slowly on implementing needed structural reforms, such as reducing graft, overhauling costly entitlement programs, and increasing employment opportunities for young workers, particularly women.

The international financial crisis worsened conditions in Italy’s labor market, with unemployment rising from 6.2% in 2007 to 8.4% in 2010, but in the longer-term Italy’s low fertility rate and quota-driven immigration policies will increasingly strain its economy. A rise in exports and investment driven by the global economic recovery nevertheless helped the economy grow by about 1% in 2010 following a 5% contraction in 2009.

The Italian government has struggled to limit government spending, but Italy’s exceedingly high public debt remains above 115% of GDP, and its fiscal deficit—just 1.5% of GDP in 2007—exceeded 5% in 2009 and 2010, as the costs of servicing the country’s debt rose.

Labor force: 25.54 million (2015 est.)

Labor force by occupation:

Agriculture: 3.9%

Industry: 28.3%

Services: 67.8% (2011)

Exports: $454.6 billion (2015 est.)

Export commodities: Engineering products, textiles and clothing, production machinery, motor vehicles, transport equipment, chemicals; food, beverages and tobacco; minerals, and nonferrous metals.

Imports: $389.2 billion (2015 est.)

Import commodities: Engineering products, chemicals, transport equipment, energy products, minerals and nonferrous metals, textiles and clothing; food, beverages, and tobacco.

Source: CIA The World Factbook

Explanation:

8 0
3 years ago
What type of segregation can result from differences in socioeconomic status
Artist 52 [7]

Segregation of school, funds for education, job opportunities, less legal rights, lack of education, lack of access to a better future etc

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3 years ago
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The correct answer is: three readings!

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In the second reading, the bill is presented to the full house and discussed.

After the third and final reading (which might include the changes in the bill) the bill will be voted on!

 
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3 years ago
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Answer: False

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Hope this helps!

6 0
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