Question
Consider the table showing past and projected federal revenue, spending, and GDP. All figures are in billions of dollars and rounded to the nearest billion.
Consider the table showing past and projected federal revenue, spending, and GDP. All figures are in billions of dollars and rounded to the nearest billion. Find the deficit as a percentage of GDP in 2010 and 2020 (projected). What is the percentage change during this period? What was the deficit as a percentage of GDP in 2010? The deficit was ______ %. (Round to one decimal place as needed.) What was the deficit as a percentage of GDP in 2020 (projected)? The deficit was _________ %. (Round to one decimal place as needed.) What is the percentage change during this period? The percentage change was ______ %. (Round to one decimal place as needed.) | Year | Surplus or Deficit | Debt | GDP | ||||
---|---|---|---|---|---|---|---|---|
2000 | 223 | 5500 | 10,143 | |||||
2010 | -1300 | 11,200 | 14,816 | |||||
2020 (projected)
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