In 2022, the federal government spent $5.9 trillion and brought in revenue of $4.4 trillion. a. Is

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In 2022, the federal government spent $5.9 trillion and brought in revenue of $4.4 trillion.

a. Is this a budget deficit or surplus, and what is its size?

b. If net government debt in 2022 was $24.5 trillion, what will it be in 2023?

c. GDP was $25.4 trillion in 2022 and $26.8 trillion in 2023. How has the debtto-GDP ratio changed from 2022 to 2023?

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Principles Of Economics

ISBN: 9781319330156,9781319419769

2nd Edition

Authors: Betsey Stevenson, Justin Wolfers

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Question Posted: Feb 20, 2024 01:00 AM

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In 2022, the federal government spent $5.9 trillion and brought in revenue of $4.4 trillion. a. Is

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Answer Lets address each question a To determine if theres a budget deficit or surplus we subtract t...View the full answer

Principles Of Economics

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