Refer to the table below: Fiscal Year Budget Balance* = Cyclical Component* + Structural Component* 2000 +236 +138 +98 2001 +128 +79 +49 2002 -158
Refer to the table below:
| Fiscal Year | Budget Balance* | = | Cyclical Component* | + | Structural Component* |
| 2000 | +236 | +138 | +98 | ||
| 2001 | +128 | +79 | +49 | ||
| 2002 | -158 | -21 | -137 | ||
| 2003 | -378 | -66 | -311 | ||
| 2004 | -413 | -27 | -386 | ||
| 2005 | -318 | +13 | -331 | ||
| 2006 | -248 | +41 | -289 | ||
| 2007 | -161 | +25 | -185 | ||
| 2008 | -459 | -34 | -424 | ||
| 2009 | -1,413 | -350 | -1,063 | ||
| 2010 | -1,293 | -417 | -876 | ||
| 2011 | 1,300 | -409 | -891 | ||
| 2012 | -1,089 | -386 | -703 | ||
| 2013 | -845 | -422 | -423 | ||
| * All values are in billions of dollars | |||||
Between 2000 and 2013, in how many years was fiscal restraint initiated?
Use the data given to determine how much fiscal stimulus or restraint occurred between Instructions: Enter your responses rounded to the nearest whole number. (a) 2007 and 2008: Fiscal (Click to select)stimulus or restraint of $ billion. (b) 2012 and 2013: Fiscal (Click to select)stimulus or restraint of $ billion.
The federal deficit fell from $1,300 billion in 2011 to $1,089 billion in 2012. How much of this deficit change was due to:
(Enter your response including a minus sign where necessary.)
(a) The growing economy?
$ billion change
(b) Fiscal restraint?
$ billion change
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Authors: John J. Murphy
1st Edition
0735200661, 978-0735200661
