The data below provides the Actual and Structural Budget Deficits,as a percentage of real GDP,for Canada between 1999 and 2010.Note that a negative value in the table indicates a budget surplus.
TABLE 31-2
-Refer to Table 31-2.Based on the data in the table,in which of the following years was output greater than potential?

Question

The data below provides the Actual and Structural Budget Deficits,as a percentage of real GDP,for Canada between 1999 and 2010.Note that a negative value in the table indicates a budget surplus.
  TABLE 31-2
-Refer to Table 31-2.Based on the data in the table,in which of the following years was output greater than potential?

Quizplus · Accepted Answer

In 2000, the output was greater than potential, indicating an economic expansion beyond the economy's long-term sustainable capacity.

The Data Below Provides the Actual and Structural Budget Deficits,as