2. Deficit Reduction Deficit reduction, often called an austerity program, is identified as a major issue facing the developed world as of the writing of this chapter. Go to the most recent issue of Fiscal Reference Tables published by the federal De- partment of Finance (www.fin.gc.ca). There should be a table entitled "G7 general government overall balance National Accounts basis." This lists all government sur- pluses (deficits are negative surpluses) by country in the G7. Nearby will be tables on outlays and revenue as a percent of GDP. Plot the budget surpluses/ deficits using the data in the table. (a) Has Canada reduced its budget deficit as a percentage of GDP since 2009? In the last 3 years? (b) Has the United States reduced its budget deficit as a percentage of GDP since 2009? In the last 3 years