- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 3. Fiscal Policy
- Subject 2. Roles and Objectives of Fiscal Policy
CFA Practice Question
A structural surplus is the surplus that occurs when ______
II. real GDP is more than potential GDP.
III. real GDP is less than potential GDP.
IV. the economy is at full employment.
I. real GDP equals potential GDP.
II. real GDP is more than potential GDP.
III. real GDP is less than potential GDP.
IV. the economy is at full employment.
Correct Answer: I and IV
User Contributed Comments 5
| User | Comment |
|---|---|
| wink44 | Structural surplus/deficits occur when Real GDP = Potential GDP. Cyclical surplus/deficits occur when real GDP differs from potential GDP. |
| achu | Think of "structural" as long term! In long run, Real GDP = potential GDP, and we're at Yf. |
| Gooner7 | nice achu |
| gill15 | bless you |
| applelee | thank u |