Question
The table below shows the full-employment budget deficit as a percentage of GDP over a five-year period. Year 1 , 2 , 3 , 4,
The table below shows the full-employment budget deficit as a percentage of GDP over a five-year period.
Year 1 , 2 , 3 , 4, 5
Deficit (-)1.5%, 1.4, 2.0, 1.8, 1.5
Refer to the above information. In which year was fiscal policy expansionary?
Multiple Choice
- Year 4
- Year 5
- Year 2
- Year 3
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Basic Econometrics
Authors: Damodar N. Gujrati, Dawn C. Porter
5th edition
73375772, 73375779, 978-0073375779
