Suppose you have the following data on projected and actual figures for the U.S.budget for 2001 (in billions of dollars): 
(A)What was the projected budget deficit? What was the actual budget deficit? Why did this happen?
(B)If the government debt was $3,530 billion at the end of 2000,what was the debt at the end of 2001?
(C)If GDP was $9,500 billion in 2001,what was the debt to GDP ratio? How does this compare to 1992's debt to GDP ratio?
Definitions:
Umbrella Liability
A package of several kinds of insurance.
Liability Insurance
A type of insurance that provides protection against claims resulting from injuries and damage to people or property.
Economical Premium
A cost-effective payment or fee, usually for insurance, that provides value or savings over time.
Coverage
The extent to which insurance policies or financial protection plans will compensate for losses or damages incurred.
Q7: The central bank's monetary policy rule shows
Q33: In practice,automatic fiscal policy has helped stabilize
Q36: Suppose real and potential GDP are initially
Q39: Prices only change if real GDP moves
Q61: The IMF is a financial intermediary.
Q67: Is there a geographical pattern to the
Q98: Most of the spending in the enacted
Q150: Explain why increases or decreases in the
Q221: A country should specialize in the production
Q244: The intersection of the export supply curve