Use Figures 1.8 and 1.9 to determine why the total government deficit was large during the 20082009
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Figure 1.8:
Figure 1.9:
Transcribed Image Text:
38 36 Spending 34 32 30 28 26 Taxes 24 22 20 18 1940 1950 1960 1970 1980 1990 2000 2010 2020 Year Percentage of GDP 6. 4 -2 -6 -8 -10 -12 1940 1950 1960 1970 1980 1990 2000 2010 2020 Year Percentage of GDP
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