Table 2.14 shows U.S. federal government saving and GDP (in billions of dollars). Government saving is government
Question:
Table 2.14 shows U.S. federal government saving and GDP (in billions of dollars).
Government saving is government income minus government expenditures; a positive value represents a budget surplus, a negative value a budget deficit. Calculate the government savings as a percentage of GDP each year and display your data in a time series graph. Write a brief paragraph summarizing your graph.
Transcribed Image Text:
Year Saving GDP Year Saving GDP Year Saving GDP 1960 -1.0 526.4 1977 -46.0 2,030.1 1994 -262.3 7,085.2 1961 -8.0 544.8 1978 -31.9 1962 -8.3 585.7 1979 -26.7 2,293.8 2,562.2 1996 1995 -244.5 7,414.7 -179.7 7,838.5 1963 -4.1 617.8 1980 -75.7 2,788.1 1997 -73.8 8,332.4 1964 -7.9 663.6 1981 -73.5 3,126.8 1998 27.0 8,793.5 1965 -5.2 719.1 1982 -161.3 3,253.2 1999 64.4 9,353.5 1966 -8.0 787.7 1983 -201.8 1967 -21.2 832.4 1984 -190.4 1968 -12.1 909.8 1985 -215.5 1969 1.4 984.4 1986 -238.5 4,217.5 4,460.1 3,534.6 2000 3,930.9 2001 2002 2003 146.6 9,951.5 -65.1 10,286.2 -422.4 10,642.3 -553.3 11,142.1 1970 -21.5 1,038.3 1987 -208.4 4,736.4 2004 -531.1 11,867.8 1971 -31.3 1,126.8 1988 -186.7 5,100.4 2005 -418.3. 12,638.4 1972 -16.8 1,237.9 1989 -181.7 5,482.1 2006 -291.6 13,398.9 1973 -3.8 1,382.3 1990 -251.8 5,800.5 2007 -408.1 14,061.8 1974 -15.7 1,499.5 1991 -301.3 5,992.1 2008 -912.3 14,369.1 1975 -86.7 1,637.7 1992 -373.1 6,342.4 2009 -1,592.7 14,119.0 1976 -62.5 1,824.6 1993 -338.3 6,667.4 2010 -1,559.1 14,660.4
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Related Book For
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith
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