In the following table, the middle column shows the actual federal budget surplus or deficit for a given fiscal year. The last column shows gross domestic product for that fiscal year. 11eb71e5_d252_7228_a6e4_e54107964a93_SM2371_00 a) For each year, calculate the surplus or deficit as a percentage of GDP. b) In which year was the deficit the biggest as a percentage of GDP? c) In which year did the deficit as a percentage of GDP rise the most over the year before?

Economics: The Basics 1st Edition by Mike Mandel

النسخة 1الرقم المعياري الدولي: 978-0071316026

Economics: The Basics 1st Edition by Mike Mandel

النسخة 1الرقم المعياري الدولي: 978-0071316026

تمرين 7

In the following table, the middle column shows the actual federal budget surplus or deficit for a given fiscal year. The last column shows gross domestic product for that fiscal year.

a) For each year, calculate the surplus or deficit as a percentage of GDP.
b) In which year was the deficit the biggest as a percentage of GDP?
c) In which year did the deficit as a percentage of GDP rise the most over the year before?

التوضيح

موثّق

Surplus or deficit in a budget is the ex...