In Year 1, the Full-Employment Budget Showed a Deficit of $100

question 25

Essay

In Year 1, the full-employment budget showed a deficit of $100 billion and the actual budget showed a deficit of $150 billion.In Year 2, the full employment budget showed a deficit of $125 billion and the actual budget showed a deficit of $150 billion.Based on the data, what can be concluded about the direction of fiscal policy and the performance of the economy between Years 1 and 2?

---

Definitions:

Original Work

The creation of content or ideas that are unique and not derived from existing materials.

Artists

Creative individuals who produce works in any of the arts, such as painting, sculpture, music, or literature, often expressing imaginative or technical skill.

Précis

A concise summary or abstract of a text or speech that captures the main points and essence of the original work.

Paraphrase

The restatement of text or passage in other words, often to clarify meaning or show understanding.