Suppose you have the following data on projected and actual figures for the U.S.budget for 2001 (in billions of dollars): (A)What was the projected budget deficit? What was the actual budget deficit? Why did this happen? (
B)If the government debt was $3,530 billion at the end of 2000,what was the debt at the end of 2001? (
C)If GDP was $9,500 billion in 2001,what was the debt to GDP ratio? How does this compare to 1992's debt to GDP ratio?

Question

Suppose you have the following data on projected and actual figures for the U.S.budget for 2001 (in billions of dollars):  (A)What was the projected budget deficit? What was the actual budget deficit? Why did this happen? (
B)If the government debt was $3,530 billion at the end of 2000,what was the debt at the end of 2001? (
C)If GDP was $9,500 billion in 2001,what was the debt to GDP ratio? How does this compare to 1992's debt to GDP ratio?

Quizplus · Accepted Answer

The Answer of Suppose you have the following data on projected and actual figures for the U.S.budget for 2001 (in billions of dollars):  (A)What was the projected budget deficit? What was the actual budget deficit? Why did this happen? (
B)If the government debt was $3,530 billion at the end of 2000,what was the debt at the end of 2001? (
C)If GDP was $9,500 billion in 2001,what was the debt to GDP ratio? How does this compare to 1992's debt to GDP ratio?

Suppose You Have the Following Data on Projected and Actual