If a structural surplus exists but the government's budget is balanced, then <u>real GDP is less than potential </u><u>GDP</u>.
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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:
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Answer:
About 700 ce a new cultural complex arose in the Mississippi valley between the present-day... Researchers studying the pre-Columbian copper work from the Cahokia Mounds, southwestern Illinois, U.S. The site was the primary centre of the Middle Mississippian culture.
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Answer:
The Greek alphabet was inspired by the Phoenician alphabet, and the Greeks began to use coins in commerce. Trade with other cultures led to the development of the Greek civilization, which included the development of an alphabet and the concept of trading coins. Because of the mountainous area, the Greeks established trade with other regions because they lacked certain goods, such as crops.
Explanation:
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