### Cyclical vs. Structural Budget BalancesThe data presented details the cyclical and structural components of budget balances for the fiscal years 2000 to 2020, in billions of dollars.| Fiscal Year | Budget Balance | Cyclical Component | Structural Component ||-------------|----------------|--------------------|-----------------------|| 2000 | 236 | 58 | 178 || 2001 | 128 | -1 | 129 || 2002 | -158 | -83 | -75 || 2003 | -378 | -107 | -271 || 2004 | -413 | -58 | -355 || 2005 | -318 | -20 | -298 || 2006 | -248 | 11 | -259 || 2007 | -160 | 18 | -178 || 2008 | -458 | -26 | -433 || 2009 | -1,411 | -249 | -1,162 || 2010 | -1,293 | -300 | -994 || 2011 | -1,134 | -98 | -1,036 || 2012 | -1,090 | -211 | -879 || 2013 | -680 | -207 | -473 || 2014 | -564 | -247 | -317 || 2015 | -439 | -86 | -353 || 2016 | -585 | -76 | -509 || 2017 | -665 | -55 | -612 || 2018 | -896 | -176 | -720 || 2019 | -984 | 53 | -1,037 || 2020 | -3,310 | 403 | -2,907 |### Instructions:Enter your response as a whole number.**Question:** From 2010 through 2020, in how many years was fiscal restraint initiated?**Answer Box:**

The federal spending plan is significant because it explains the government's revenues and expenses,…

Use the data related to cyclical vs. structural budget balances (in billions of dollars) to answer one question. Budget Balance Cyclical Component 236 58 128 -1 -158 -83 -378 -107 -413 -58 -318 -20 -248 11 -161 17 -459 -26 -1,413 -251 -1,294 -300 -1,300 -264 -1,087 -208 -680 -207 -485 -168 -439 -86 -585 -76 -53 11 53 -403 Fiscal Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 -665 -779 -984 -3,310 Structural Component 178 129 -75 -271 -355 -298 -259 -178 -433 -1,162 -994 -1,036 -879 -473 -317 -353 -509 -612 .-790 -1,037 -2,907 Instructions: Enter your response as a whole number. From 2010 through 2020, in how many years was fiscal restraint initiated? year(s)

Use the data related to cyclical vs. structural budget balances (in billions of dollars) to answer one question. Budget Balance Cyclical Component 236 58 128 -1 -158 -83 -378 -107 -413 -58 -318 -20 -248 11 -161 17 -459 -26 -1,413 -251 -1,294 -300 -1,300 -264 -1,087 -208 -680 -207 -485 -168 -439 -86 -585 -76 -53 11 53 -403 Fiscal Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 -665 -779 -984 -3,310 Structural Component 178 129 -75 -271 -355 -298 -259 -178 -433 -1,162 -994 -1,036 -879 -473 -317 -353 -509 -612 .-790 -1,037 -2,907 Instructions: Enter your response as a whole number. From 2010 through 2020, in how many years was fiscal restraint initiated? year(s)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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ces Me Graw Hill Use the data related to cyclical vs. structural budget balances (in billions of dollars) to answer two questions. Budget Balance Cyclical Component + Structural Component 236 58 178 128 -1 129 -83 -75 -107 -271 -58 -355 -20 -298 11 -259 17 -178 -26 -251 ly clear Fiscal Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 -158 -378 -413 -318 -248 -161 -459 -1,413 -1,294 -1,300 -1,087 -680 -485 -439 -585 -665 -779 -984 -3,310 -300 -264 -208 -207 -168 -86 -76 -53 11 53 -403 billion of fiscal (Click to select) - ▬▬ billion of fiscal (Click to select) -433 -1,162 -994 -1,036 -879 -473 -317 -353 -509 Instructions: Enter your responses as a whole number. How much fiscal stimulus or restraint occurred between, a. 2007 and 2008? $ b. 2017 and 2018? $ -612 . -790 -1,037 -2,907 Q Search I