National governments frequently borrow money to fund current expenditures. Year 2013 2014 2015 2016 GDP ($)...

 

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National governments frequently borrow money to fund current expenditures. Year 2013 2014 2015 2016 GDP ($) 8,500 8,650 9,000 9,200 Prior year debt ($) 5,100 Current expenditures ($) 1,200 1,400 + Tax revenue ($) 950 1,525 1,800 1,500 2,100 1,600 a. Please complete the table by filling in the prior year debt for each year listed. b. For each year, is this economy experiencing a budget surplus or budget deficit? 2013:deficit 2014: surplus 2015: deficit 2016: deficit Instructions: Enter your answers as percentages rounded to the nearest whole number. c. Debt is what percentage of GDP in 2013? 3 10 points Print References d. Between 2013 and 2016, by what percentage has GDP changed? By what percentage has the debt changed? Is debt as a percentage of GDP growing, constant or shrinking between 2013 and 2016? constant National governments frequently borrow money to fund current expenditures. Year 2013 2014 2015 2016 GDP ($) 8,500 8,650 9,000 9,200 Prior year debt ($) 5,100 Current expenditures ($) 1,200 1,400 + Tax revenue ($) 950 1,525 1,800 1,500 2,100 1,600 a. Please complete the table by filling in the prior year debt for each year listed. b. For each year, is this economy experiencing a budget surplus or budget deficit? 2013:deficit 2014: surplus 2015: deficit 2016: deficit Instructions: Enter your answers as percentages rounded to the nearest whole number. c. Debt is what percentage of GDP in 2013? 3 10 points Print References d. Between 2013 and 2016, by what percentage has GDP changed? By what percentage has the debt changed? Is debt as a percentage of GDP growing, constant or shrinking between 2013 and 2016? constant

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