Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The table gives a nation's government outlays and tax revenues for 2015 through 2019. Year

The table gives a nation's government outlays and tax revenues for 2015 through 2019. 
                 

Year

 


Government outlays

 


 

(trillions of 2012 dollars)

 


Tax revenue

 


 

(trillions of 2012 dollars)

 


2015

 


0.75

 


0.80

 


2016

 


0.80

 


0.83

 


2017

 


0.87

 


0.86

 


2018

 


0.95

 


0.95

 


2019

 


1.06

 


1.02

 


During which years did the country have a budget deficit?

 












Step by Step Solution

3.42 Rating (161 Votes )

There are 3 Steps involved in it

Step: 1

Answer To determine the years when the country had a budget deficit we need to compare the governmen... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Econometric Analysis

Authors: William H. Greene

5th Edition

130661899, 978-0130661890

More Books

Students also viewed these Economics questions

Question

Dont smell (i.e., too much perfume/cologne).

Answered: 1 week ago

Question

Briefly explain the steps in Value Engineering. AppendixLO1

Answered: 1 week ago