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The data below provides the Actual and Structural Budget Deficits,as a percentage of real GDP,for Canada between 1999 and 2010.Note that a negative value in the table indicates a budget surplus. TABLE 31-2 Refer to Table 31-2.Based on the data in the table,in which of the following years was output greater than potential?
Great Depression
A severe, worldwide economic downturn that took place during the 1930s, marked by high unemployment, deflation, and a significant drop in consumer spending and investment.
Unions
Organizations formed by workers to advocate for their rights, benefits, and interests within the workplace.
Organize
To arrange or structure people, items, or activities in a systematic way for efficiency or clarity.
Holiday Act
Legislation that specifies public holidays and the rights of employees regarding these days off.
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