Provide an explanation for what each column means (this is not just a description of how the values are calculated - you need to interpret what these measures actually are).

Using the information from your table, what would you now conclude about the comparison of the 2020 government operating balance to 2011?

• This is what I have so far, is there anything else I could add?

Net Operating balance as % of Real Net Operating balance (in Real Operating balance per GDP 2020 prices) person 1.5% 3447 1.8% 4165 958 6.4% -14522 -3313 1.8% 4301 976 -0.5% -1300 293 0.4% 1060 235 1.4% 3526 766 1.9% 5170 1099 2.5% 7113 1480 2.5% 7621 1557 2.7% 8412 1692 -4.6% -14972 2943 . Net operating balance (NOB) as a percentage of GDP is calculated by dividing NOB by GDP. What it shows us is the relationship between central government Net operating expenditure balance and income from GDP. . Real Net operating balance is showing what the balance would really be if inflation was considered. . Real operating balance per person is considering the effect that the rise in population for today in 2020 has when considered with the value of previous years