For the Fiscal Year Starting in October 2003, the U

question 35

Multiple Choice

For the fiscal year starting in October 2003, the U.S. government reported a budget deficit of

• A) $3.83 trillion or about 38 percent of GDP.
• B) $383 billion or about 3.8 percent of GDP.
• C) $4.5 trillion or about 45 percent of GDP.
• D) $450 billion or about 4.5 percent of GDP.
• E) none of the above.