National governments frequently borrow money to fund current expenditures. Pleas

Question

National governments frequently borrow money to fund current expenditures. Please complete the table by filling in the prior year debt for each year listed. For each year, is this economy experiencing a budget surplus or budget deficit? 2013: deficit. 2014: surplus 2015: deficit 2016: deficit Debt is what percentage of GDP in 2013? 60 Between 2013 and 2016, by what percentage has GDP changed? 8 By what percentage has the debt changed? n/r Is debt as a percentage of GDP growing, constant or shrinking between 2013 and 2016? Constant.

Explanation / Answer

2014: Total debt will be prior year debt + current deficit

=5100 + 1200-950 = 5350

2015: 5350 + 1400-1525 = 5225.

2016: 5225 + 1800-1500 = 5525.

Related Questions

Navigate

• Browse (All)
• Browse N
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.