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Actual Budget Deficit (-) or Surplus (+) Cyclically Adjusted Deficit (-) or Surplus (+) +0.1% Year 1 +1.4% 2 +2.5 +1.1 3 +1.3 +1.1 4 -1.5 -1.1 -3.4 -2.7 -3.5 -2.4 7 -2.6 -1.8 -1.9 -1.8 -1.3 -1.4 Refer to the data in the table. The direction of fiscal policy became more expansionary from Multiple Cholce Year 1 to 2 Year 6 to 7. Year 4 to 5. Year 5 to 6.

Actual Budget Deficit (-) or Surplus (+) Cyclically Adjusted Deficit (-) or Surplus (+) +0.1% Year 1 +1.4% 2 +2.5 +1.1 3 +1.3 +1.1 4 -1.5 -1.1 -3.4 -2.7 -3.5 -2.4 7 -2.6 -1.8 -1.9 -1.8 -1.3 -1.4 Refer to the data in the table. The direction of fiscal policy became more expansionary from Multiple Cholce Year 1 to 2 Year 6 to 7. Year 4 to 5. Year 5 to 6.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Actual Budget Deficit (-) or Cyclically Adjusted Deficit (-) or Surplus (+) Surplus (+) Year 1 +1.4% +0.1% 2 +2.5 +1.1 3 +1.3 +1.1 4 -1.5 -1.1 -3.4 -2.7 6 -3.5 -2.4 7 -2.6 -1.8 8 -1.9 -1.8 9 -1.3 -1.4 Refer to the data in the table. The direction of fiscal policy became more expanslonary from Multiple Cholce Year 1 to 2 Year 6 to 7. Year 4 to 5. Year 5 to 6.
Transcribed Image Text:Actual Budget Deficit (-) or Cyclically Adjusted Deficit (-) or Surplus (+) Surplus (+) Year 1 +1.4% +0.1% 2 +2.5 +1.1 3 +1.3 +1.1 4 -1.5 -1.1 -3.4 -2.7 6 -3.5 -2.4 7 -2.6 -1.8 8 -1.9 -1.8 9 -1.3 -1.4 Refer to the data in the table. The direction of fiscal policy became more expanslonary from Multiple Cholce Year 1 to 2 Year 6 to 7. Year 4 to 5. Year 5 to 6.
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