Comparing the U.S. budget position for 2017 to the rest of the world, we see that as a percentage of GDP, the ________ than in most other countries.
A) U.S. budget deficit is smaller
B) U.S. budget deficit is larger
C) U.S. budget surplus is smaller
D) U.S. budget surplus is larger

Question

Quizplus · Accepted Answer

In 2017, the U.S. budget deficit was larger as a percentage of GDP compared to most other countries. This is due to high government spending relative to revenue, contributing to a larger deficit.