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Examine the hypothetical budget data, shown below, for calendar years 2016-2019 (in billions of dollars). Year Budget Surplus ($) Government Debt as of January 1
- Examine the hypothetical budget data, shown below, for calendar years 2016-2019 (in billions of dollars).
Year Budget Surplus ($) Government Debt as of January 1 ($) GDP 2016 -150 1,000 4,000 2017 -100 1,150 4,200 2018 100 4,800 2019 200 5,400
- Fill in the missing values in the table.
- What is the percentage change in debt and GDP from 2016 to 2017?
- Calculate the debt-to-GDP ratio for each year. How does this ratio change over time? Why?
| Year | Budget Surplus ($) | Government Debt as of January 1 ($) | GDP |
| 2016 | -150 | 1,000 | 4,000 |
| 2017 | -100 | 1,150 | 4,200 |
| 2018 | 100 | 4,800 | |
| 2019 | 200 | 5,400 |
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Foundations of the Legal Environment of Business
Authors: Marianne M. Jennings
3rd edition
978-1305117457
