Potential gdp is $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. deficit of $1 trillion; surplus of $4 trillion d. surplus of $4 trillion; deficit of $1 trillion

C. Deficit of $1 trillion; Surplus of $4 trillion.

Explanation:

Structural Deficit = $1 trillion

Cyclical Surplus = $4 trillion

Micro Marketing

Explanation:

Under micro marketing a small set of customers are targeted, and then the service or goods are produced accordingly to meet their demands.

As in the given instance the customer buys tailor made goods, and is customer specific, the marketing is micro in nature.

It is not done through any advertisement or local branding but, through valued customer specific services.

Therefore, correct option is:

Micro marketing.