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4.F.29 Question Help Assume that the total revenue for 2017 was $1.73 trillion and total spending was $2.76 trillion. Suppose that in 2018, total spending
4.F.29 Question Help Assume that the total revenue for 2017 was $1.73 trillion and total spending was $2.76 trillion. Suppose that in 2018, total spending increases by 1.5% and total revenue increases by 2.4% from the 2017 levels given. Would the 2018 deficit be larger, smaller, or the same as the 2017 deficit? Explain. Revenue increases billion, and spending increases by sbillion. So, the deficit from 2017 to 2018. (Round to one decimal place as needed.)
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