### 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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