Plot the data for revenues and expenditures as a percentage of GDP on the following graph, rounded to the nearest percent. Use the purple points(diamond symbol) for expenditures and the green points (triangle symbol) for revenues.Note: your points in the order in which you would like them connected. Line segments will connect the points automatically.?EXPENDITURES AND REVENUES (Percent of GDP)2520O101019291948YEAR196719562005ExpendituresARevenues 6. Budgetbalances and the national debtThe following table lists federal expenditures, revenues, and GDP for the U.S. economy during several years.RevenuesYear (Billions of dollars)19293.9194819671986200541.6148.8769.22,153.9Expenditures(Billions of dollars)3.129.8157.5990.42,472.2GDP(Billions of dollars)103.6269.2832.64462.812,421.9

Budget balances in macroeconomics refer to the difference between a government's total revenue and…

Plot the data for revenues and expenditures as a percentage of GDP on the following graph, rounded to the nearest percent. Use the purple points (diamond symbol) for expenditures and the green points (triangle symbol) for revenues. Note: our points in the order in which you would like them connected. Line segments will connect the points automatically. EXPENDITURES AND REVENUES (Percent of GDP) P 20 15 10 O 1010 1948 YEAR 1967 1906 2005 Expenditures A Revenues

Plot the data for revenues and expenditures as a percentage of GDP on the following graph, rounded to the nearest percent. Use the purple points (diamond symbol) for expenditures and the green points (triangle symbol) for revenues. Note: our points in the order in which you would like them connected. Line segments will connect the points automatically. EXPENDITURES AND REVENUES (Percent of GDP) P 20 15 10 O 1010 1948 YEAR 1967 1906 2005 Expenditures A Revenues

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Question

Plot the data for revenues and expenditures as a percentage of GDP on the following graph, rounded to the nearest percent. Use the purple points
(diamond symbol) for expenditures and the green points (triangle symbol) for revenues.
Note: your points in the order in which you would like them connected. Line segments will connect the points automatically.
?
EXPENDITURES AND REVENUES (Percent of GDP)
25
20
O
1010
1929
1948
YEAR
1967
1956
2005
Expenditures
A
Revenues

6. Budgetbalances and the national debt
The following table lists federal expenditures, revenues, and GDP for the U.S. economy during several years.
Revenues
Year (Billions of dollars)
1929
3.9
1948
1967
1986
2005
41.6
148.8
769.2
2,153.9
Expenditures
(Billions of dollars)
3.1
29.8
157.5
990.4
2,472.2
GDP
(Billions of dollars)
103.6
269.2
832.6
4462.8
12,421.9

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