In 2007, Denmark's government had expenditures of $157 billion and spending of $171 billion. GDP in 2007 was $312 billion. The government ran a budget and government debt
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Question

Quizplus · Accepted Answer

The government expenditures were greater than spending, indicating a budget deficit. Additionally, since the government spending (deficit) was a larger percentage of GDP than the previous year, the government debt would have increased.

In 2007, Denmark's Government Had Expenditures of $157 Billion and Spending