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The following table shows the total government expenditure and income, the gross government debt, the value of financial assets owned by the government and the
The following table shows the total government expenditure and income, the gross government debt, the value of financial assets owned by the government and the nominal GDP for two different quarters (source: Statistics Canada). The government statistics are for all levels of government in Canada and all numbers are in billions of dollars. Year Quarter Expenditure Income Gross Debt Assets GDP 1997 4 393.6 404.5 1177.2 400.1 924.0 2006 561.5 595.5 1422.9 742.5 1476.0 If the government owns 100 billion dollars in non-financial assets in 1997, what is the value of the accumulated deficits in that year in billions of dollars? Round your answer to the nearest first decimal. Number
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