Year Government Purchases Government Taxes Real GDP 1 317 238 5,658 2 382 207 5,697 Suppose there is no public debt before Year 1 and that net transfers are equal to zero. What is the public deficit as a percentage of GDP in Year 2? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13

Year Government Purchases Government Taxes Real GDP 1 317 238 5,658 2 382 207 5,697 Suppose there is no public debt before Year 1 and that net transfers are equal to zero. What is the public deficit as a percentage of GDP in Year 2? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter17: Federal Deficits, Surpluses, And The National Debt

Section: Chapter Questions

Problem 7SQP

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