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Year Quarter Expenditure Income Gross Debt Assets GDP 2001 4 471.0 462.9 1243.4 550.1 1136.6 2007 2 588.2 642.3 1458.4 829.3 1576.6 1. What is

Year Quarter Expenditure Income Gross Debt Assets GDP
2001 4 471.0 462.9 1243.4 550.1 1136.6
2007 2 588.2 642.3 1458.4 829.3 1576.6

1. What is the government deficit in 2001 in billions of dollars? Round your answer to the nearest first decimal.

2. What is the government surplus in 2007 in billions of dollars? Round your answer to the nearest first decimal.

3. Is the debt measured by the accumulation of deficits likely to increase or decrease or remain the same in 2001 and 2007?

2001:?

2007:?

4. What is the gross debt as a percentage of GDP in 2001 and 2007? Express your answer in percentages rounded to the nearest first decimal.

2001:

2007:

5. If you have all the information needed in the table, compute the real per capita gross debt as a percentage of real per capita GDP in 2001. Express your answer in percentage rounded to the nearest first decimal. If you don't have the information, leave it blank.

6. What is the net debt as a percentage of GDP in 2001 and 2007? Express your answer in percentage rounded to the nearest first decimal.

2001:

2007:

7. If the government owns 100 billion dollars in non-financial assets in 2001, what is the value of the accumulated deficits in that year in billions of dollars? Round your answer to the nearest first decimal.

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