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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 17
2012 Deficit: Smaller, But Still Big
The Congressional Budget Office said the budget deficit was about $1.1 trillion in fiscal year 2012. That is about $200 billion smaller than in 2011, but still ranks as the fourth-largest deficit since World War II.
Of the components of government outlays and receipts, which have changed most to contribute to the huge budget deficits in 2011 and 2012?
The Congressional Budget Office said the budget deficit was about $1.1 trillion in fiscal year 2012. That is about $200 billion smaller than in 2011, but still ranks as the fourth-largest deficit since World War II.
Of the components of government outlays and receipts, which have changed most to contribute to the huge budget deficits in 2011 and 2012?
Explanation
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Deficit budget occurs when government sp...
Macroeconomics 11th Edition by Michael Parkin
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