Question: Instructions Use the graph below to answer questions 12 13. Graph FRED - Federal Debt: Total Public Debt as Percent of Gross Domestic Product 675

Instructions Use the graph below to answer questions 12 13. Graph FRED - Federal Debt: Total Public Debt as Percent of Gross Domestic Product 675 65.0 Percent of GDP 550 52 5 1956 1937 1938 1999 2000 2001 2042 2003 2004 2005 2006 2047 2004 Shaded areas indicate U.S. recessions. Sources: OMB; SL Louis Fed fred.stlouisted.org Long Description 13 Multiple Choice 1 point According to the graph above, during which of the following time periods did the federal government likely run a budget deficit? O 2000-2001 2001-2002 1998-1999 O 1996-1997

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