When the Great Recession struck,the Canadian federal government's budget deficit increased from just $160 billion to $2 trillion.

Question

Quizplus · Accepted Answer

This statement is false. During the Great Recession, the Canadian federal government's budget deficit did increase, but not by that much. In fact, the deficit went from $13.8 billion in 2008-2009 to $55.6 billion in 2009-2010, according to the Canadian government's Department of Finance. The total amount of government debt also increased, but it did not reach $2 trillion.

When the Great Recession Struck,the Canadian Federal Government's Budget Deficit