From 2008 to 2011, the federal budget deficit as a proportion of GDP
A)Sharply grew.
B)Gradually grew
C)Declined.
D)Remained flat.
E)Wildly changed as economic problems have come and gone.

Question

Quizplus · Accepted Answer

The federal budget deficit as a proportion of GDP sharply grew from 2008 to 2011, primarily due to increased government spending to combat the financial crisis and Great Recession, alongside decreased tax revenues resulting from the economic downturn.

From 2008 to 2011, the Federal Budget Deficit as a Proportion