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21-24. Deficit, Debt and GDP. Consider the following table showing past and projected federal revenue, spending, and GDP. All figures are in billions of dollars
21-24. Deficit, Debt and GDP. Consider the following table showing past and projected federal revenue, spending, and GDP. All figures are in billions of dollars and rounded to the nearest billion.
23. Find the deficit as a percentage in 2010 and 2020 (projected). What is the percentage of change during this period?
For 2010
The answers for problem 23 are: 2010: 8.7%: In 2020: 2.5%: -71.2%, which is the percentage change during this period.
I have attached the table for the resolution. Please see the answers match up to what I have posted.
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