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Select all the true statements about the federal budget deficit of 2020. Multiple select question. It was the highest federal deficit ever recorded in peacetime.

Select all the true statements about the federal budget deficit of 2020. Multiple select question. It was the highest federal deficit ever recorded in peacetime. It reached 5.0 percent of the potential GDP for the year. It was not as large as the 2008 deficit during the Great Recession. It was only slightly larger than the cyclically adjusted deficit for the year

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