(Solved): please write the steps for the solution  7) If the economy's full-employment output is \( \$ 6 ...

7) If the economy's full-employment output is \( \$ 6 \) trillion, actual output is \( \$ 3.5 \) trillion, and the budget deficit is \( \$ 20 \) billion, the deficit in this case is known as a A) natural employment deficit. B) cyclical deficit. C) structural deficit. D) debt deficit. Answer: \( \mathbf{B} \) Diff: 1 Topic: The Eonomy's Influence on the Government Budget Skill: Conceptual AACSB: Reflective Thinking 8) If the economy's full-employment output is \( \$ 9 \) trillion, actual output is \( \$ 9 \) trillion, and the budget deficit is \( \$ 20 \) billion, the deficit in this case is known as a A) natural employment deficit. B) cyclical deficit. C) structural deficit. D) fiscal deficit. Answer: \( \mathrm{C} \) Diff: 1 Topie: The Eanomy's Influence on the Government Budget Skill: Conceptual AACSB: Reflective Thinking 9) Assume that in the United States the actual deficit is \( \$ 300 \) billion. If the United States were at full employment, the deficit would be \( \$ 100 \) billion. The structural deficit in the United States is A) \( \$ 100 \) billion. B) \( \$ 200 \) billion. C) \( \$ 300 \) billion. D) \( \$ 400 \) billion. Answer: A Diff: 1 Topic: The Economy's Influence on the Government Budget Skill: Conceptual AACSB: Reflective Thinking