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When the GDP growth rate slows, we expect the budget deficit to increase because of the impacts of the following two automatic stabilizers: ______.

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adefioyelaoye

When the GDP growth rate slows, we expect the budget deficit to increase because of the impacts of two automatic stabilizers such as:

  • Transfer payments increase.
  • Tax revenue declines.

What is GDP?

This is referred to as gross domestic product and is the value of all the finished goods and services made within a country during a given period of time.

The budget deficit will however experience an increase due to the factors mentioned above.

Read more about GDP here https://brainly.com/question/1383956

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