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For the Fiscal Year Starting in October 2003, the U

Question 22

Multiple Choice

For the fiscal year starting in October 2003, the U.S. government reported a budget deficit of


A) $3.83 trillion or about 38 percent of GDP.
B) $383 billion or about 3.8 percent of GDP.
C) $4.5 trillion or about 45 percent of GDP.
D) $450 billion or about 4.5 percent of GDP.
E) none of the above.

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