How does the size of the U.S. budget deficit in 2010 compare to the time period

Question

How does the size of the U.S. budget deficit in 2010 compare to the time period since 1950? OA. I has expanded dramaticallysince 2007. In 2010, the deficit -GDP ratio was 10 percent, well above the historical average of around 2 per ent O B. It has not changed significantly since 1950, since 1950. OC. It has constantly expanded since 1950. In 2010, the deficit-to-GDP ratio was 10 percent, well above the historical average of around 2 percent O D. It increased slightly from 1950 to 1983, and then since 1950 190. nd hen reconty docrosed. ict P ratio was 10 percent, welundr h 1983 pouk of around 16 percent

Explanation / Answer

A. It has expanded dramatically since 2007. In 2010 the deficit to gdp ratio was 110% well above the historical average of around 2% since 1950.

Since 1950 the ratio hovered around 1% -2% average till 1983 after which it increased for soemtime and then started to fall till early 2000s. Post 2007 crisis the ratio dramatically increased to the range of 9%-10%.

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