The figure shows government expenditure and revenue as a percentage of GDP, 1990-2019. Durir which of the following periods did the federal government run a budget surplus? 27.0% 25.0% -Expenditures 23.0% 21.0% 19.0% -Receipts 17.0% 15.0% YEAR O 1998-2001 None of these answers is correct. O 2003-2008 O 2012-2018 PERCENT OF GDP 0661 1991 1993 1994 9661 1997 6661 0007 2002 2003 2005 9007 2008 6007 2011 2012 2014 2015 2017 2018

The figure shows government expenditure and revenue as a percentage of GDP, 1990-2019. Durir which of the following periods did the federal government run a budget surplus? 27.0% 25.0% -Expenditures 23.0% 21.0% 19.0% -Receipts 17.0% 15.0% YEAR O 1998-2001 None of these answers is correct. O 2003-2008 O 2012-2018 PERCENT OF GDP 0661 1991 1993 1994 9661 1997 6661 0007 2002 2003 2005 9007 2008 6007 2011 2012 2014 2015 2017 2018

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: Six Debates Over Macroeconomic Policy

Section18.5: Should The Government Balance Its Budget?

Problem 5QQ

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