Question: Explain in words why the structural budget might show a surplus while the actual budget is in deficit. Illustrate your answer with a diagram likeFigure.

Explain in words why the structural budget might show a surplus while the actual budget is in deficit. Illustrate your answer with a diagram likeFigure.

T = Taxes-Transfers Surplus Deficit Gross Domestic Product

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2. Explain in words why the structural budget might show a surplus while the actual budget is in deficit. Illustrate your answer with a diagram like Figure 6.

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