Fiscal YearBudgetBalance=CyclicalComponent +StructuralComponent2000236581782001128-11292002-158-83-752003-378-107-2712004-413-58-3552005-318-20-2982006-24811-2592007-16117-1782008-459-26-4332009-1,413-251-1,1622010-1,294-300-9942011-1,300-264-1,0362012-1,087-208-879es2013-680-207-4732014-485-168-3172015-439-86-3532016-585-76-5092017-665-53-6122018-77911-7902019-98453-1,0372020-3,310-403-2,907Instructions: Enter your responses as a whole number.The federal deficit rose from -$485 billion in 2014 to -$585 billion in 2016. How much of this change was due toa. the growing or shrinking economy?This cyclicalcomponent accounted for a $100 billion increasein the deficit.b. fiscal restraint or stimulus?This structuralcomponent accounted for a $-192 billion decreasein the deficit.

So we can clearly observe that in 2014 the deficit was of $485 billion while in 2016 the deficit…

The federal deficit rose from -$485 billion in 2014 to -$585 billion in 2016. How much of this change was due to a. the growing or shrinking economy? This cyclical component accounted for a $ 100 billion increase in the deficit. b. fiscal restraint or stimulus? This structural component accounted for a $ -192 billion decrease in the deficit.

The federal deficit rose from -$485 billion in 2014 to -$585 billion in 2016. How much of this change was due to a. the growing or shrinking economy? This cyclical component accounted for a $ 100 billion increase in the deficit. b. fiscal restraint or stimulus? This structural component accounted for a $ -192 billion decrease in the deficit.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 90PSB

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