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
The correct answer is 4.
The the ability for everyone in society to own private property encourages entrepreneurship.
This ideology has its basis in modern capitalism in which the ideology states that by there being a free market and the right to private property, people in society are incentivised to create jobs and help the general economy by doing so.
The south wanted to enslave Africans but the north disagreed, they wanted the number of slaves to determine taxes but not representation.
After the Roanoke incident, plans to launch another colony in Virginia started in 1606 when King James issued a charter to allow a new colony.
Answer: A) or the first option.
Correct answer should be, <span>A. Endothermy .</span>