Historically,the largest U.S.federal budget deficits as a percentage of GDP in the 20th century occurred during

Name: Historically,the largest U.S.federal budget deficits as a percentage of GDP in the 20th century occurred during
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The largest U.S. federal budget deficits as a percentage of GDP in the 20th century occurred during World War I and World War II. During these periods, the government spent significant amounts of money on war efforts, leading to large deficits.

Historically,the Largest U