What would be the effect of the budget deficit for the full fiscal year 201718 on real
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What would be the effect of the budget deficit for the full fiscal year 2017–18 on real GDP and jobs? Which effect would be larger, the first quarter surplus or the full year deficit, and why?
The federal government ran a surplus of $16 million for the first quarter of the 2017–18 fiscal year but projected a $28.5-billion deficit for the full year.
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The budget deficit for the full fiscal year 201718 is projected to be 285 billion indicating that the government is spending more money than it is col...View the full answer
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