Determine the ratio between the deficit and gdp


Assume that the annual federal deficit is the $350 billion. Gross Domestic Product 'GDP', a measure of the size of the economy is $14.5 trillion ($14,500 billion). Determine the ratio between the deficit and GDP as a percentage rounded to one decimal place:

Request for Solution File

Ask an Expert for Answer!!
Macroeconomics: Determine the ratio between the deficit and gdp
Reference No:- TGS0871779

Expected delivery within 24 Hours