Quote:
Originally Posted by Ignitionnet
I recommend a course in economics. It will fill you in on why, if GDP has plummeted, a cyclically adjusted surplus can exist.
That you ask the question indicates you don't know what a cyclically adjusted surplus is.
|
I didn't know either, so I looked it up:
The excess of a government's total income over expenditure assuming normal levels of economic activity. This assumes that tax and consumer spending are constant.
Read more:
http://www.businessdictionary.com/de...#ixzz3eKy9CtMm