CFA Practice Question

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CFA Practice Question

A structural surplus is the surplus that occurs when ______

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
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