Historically,the largest Canadian federal budget deficits as a percentage of GDP in the last 50 years occurred between

Question

Quizplus · Accepted Answer

The largest Canadian federal budget deficits as a percentage of GDP in the last 50 years occurred between 1980-1985, when the deficits ranged from 5.6% to 8.3% of GDP. This period was marked by a global recession, high unemployment rates, and high interest rates, which all contributed to the significant deficits.

Historically,the Largest Canadian Federal Budget Deficits as a Percentage of GDP