In 2018, the federal government spent $4.1 trillion and brought in revenue of $3.3 trillion. a. Is
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In 2018, the federal government spent $4.1 trillion and brought in revenue of $3.3 trillion.
a. Is this a budget deficit or surplus, and what is its size?
b. If net government debt in 2018 was $15.8 trillion, what will it be in 2019?
c. GDP was $20.2 trillion in 2018 and $21.3 trillion in 2019. How has the debt-to-GDP ratio changed from 2018 to 2019?
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