During a year, the government collects $2.8 trillion in revenue and spends $3.5 trillion. The governments gross debt at the beginning of the year was $17.1 trillion. The nations gross domestic product (GDP) during the year is $16.8 trillion. The inflation rate during the year is 1.5 percent.

What is the governments nominal, or officially reported, deficit for the year? What is this deficit as a share of GDP?

What is the governments debt at the end of the year? What is this end-of-year debt as a share of the years GDP?

What is the governments real, inflation-corrected, deficit for the year?