Potential gdp of $12 trillion and if real gdp equaled potential gdp, the budget deficit would be $1 trillion.

real gdp actually equals $14 trillion and the budget surplus is $3 trillion.

the economy has a structural and a cyclical

a. surplus of $3 trillion; surplus of $2 trillion

b. deficit of $1 trillion; surplus of $2 trillion

c. surplus of $4 trillion; deficit of $1 trillion

d. deficit of $1 trillion; surplus of $4 trillion

D. deficit of $1 trillion; surplus of $4 trillion

Explanation:

If the economy reaches their potential at 12 trillion the government would run a deficit of 1 trilllon which means there is an structural deficit of 1 trillion

As currently there is a surplus of 3 trillion This mean the economy is in a cycle under which there is a surplus of 4 trillion

current budget - structural budget = cyclical

3  - (-1) = 3 + 1 = 4

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.