Answer the question using the following budget information for a hypothetical economy.Assume that all budget surpluses are used to pay down the public debt.
Refer to the data.As a percentage of GDP,the:
A) budget deficit was 3.9 percent in year 4.
B) budget surplus was less than 1 percent in year 6.
C) public debt was 3 percent in year 6.
D) public debt was 12.5 percent in year 1.
Correct Answer:
Verified
Q72: Which of the following statements is correct?
A)Federal
Q90: Answer the question using the following
Q91: Answer the question using the following
Q93: Suppose the federal government had budget surpluses
Q95: Answer the question using the following
Q96: In 2012,the U.S.public debt was about:
A) $16.4
Q97: Suppose the federal government had budget deficits
Q98: Approximately what percentage of the U.S.public debt
Q99: Answer the question using the following
Q136: Recessions have contributed to the public debt
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents