If the federal government spends 12% of GDP and collects revenues of 10% of GDP, what is the deficit as a percentage of GDP? A. 2% B. 1% C. 11% D. 12%
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- Please Provide General Accounting Question SolutionCan you please solve this financial accounting question?b. GDP = 6,200 Tax collections = 1,525 Government transfers and interest payments = 400 Consumption expenditures = 4,530 Government budget surplus = 100 Instructions: Enter your response for the national saving rate rounded to one decimal place. If you are entering any negative numbers, be sure to include a (-) in front of those numbers. National saving Private saving Public saving National saving/ra % c. Consumption expenditures = 4,400 Investment = 1,000 Government purchases = 1,000 Net exports = 8 Tax collections = 1,600 Government transfers and interest payments = 500 Instructions: Enter your response for the national saving rate rounded to one decimal place. If you are entering any negative numbers, be sure to include a (-) in front of those numbers. National saving Private saving Public saving National saving ra 응
