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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?
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What Environmentalists Need To Know About Economics
Authors: Jason Scorse
1st Edition
0230107311, 9780230107311
