-Comparing the U.S. budget position for 2014 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

-Comparing the U.S. budget position for 2014 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

Quizplus · Accepted Answer

In 2014, the U.S. budget deficit was larger as a percentage of GDP compared to most other countries. This was due to significant government spending and lower revenue collection, in part a consequence of the economic policies and conditions at the time.