Refer to the following figure when answering the following questions.
Figure 18.2: Government Outlays and Receipts as a Percentage
of GDP, 1947-2012
-Consider Figure 18.2. What was the cause of the huge budget deficit beginning in 2007?

Question

Refer to the following figure when answering the following questions.
Figure 18.2: Government Outlays and Receipts as a Percentage
of GDP, 1947-2012 
-Consider Figure 18.2. What was the cause of the huge budget deficit beginning in 2007?

Quizplus · Accepted Answer

The huge budget deficit beginning in 2007 was caused by the Great Recession.

Refer to the Following Figure When Answering the Following Questions