In 2007, France's government had revenue of $1.287 trillion while expenditures totaled $1.356 trillion. GDP was $2.56 trillion. In 2007, the government budget balance was ________ and government debt ________.

Question

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The government budget balance was negative because expenditures exceeded revenue ($1.356 trillion - $1.287 trillion = $0.069 trillion or -$69 billion), indicating that government debt increased.

In 2007, France's Government Had Revenue of $1