EQuestion Help Real-Time Data Analysis Exercise Consider the data below for fede

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EQuestion Help Real-Time Data Analysis Exercise Consider the data below for federal budget receipts, federal budget spending, and GDP in the U.S. Calculate the federal budget surplus or deficit as a percentage of GDP for each year. (Enter your responses rounded to two decimal places and include a minus sign for a deficit.) Federal Federal Budget Government Real GDP (billions of dollars per year, in constant 2005 dollars) Receipts Spending (billions of dollars per (billions of dollars Federal Surplus or Deficit as a percentage of GDP (%) Year 2011 2012 2013 2014 year) 2,303 2,450 2,775 3,021 per year) 3,603 3,537 3,455 3,506 5,543 16,197 16,785 17.522 Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Enter your answer in the edit fields and then click Check Answer All parts showing Clear All Check Answer

Explanation / Answer

Year Federal Budget receipts (billions of dollars) Federal government spending (billions of dollars) Surplus or Deficit (billions of dollars) Real GDP (billions of dollars) Federal surplus or deficit as a percentage of GDP (%) 2011 2303 3603 -1300 15543 -8.36% 2012 2450 3537 -1087 16197 -6.71% 2013 2775 3455 -680 16785 -4.05% 2014 3021 3506 -485 17522 -2.77%

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