Use the following table to answer the next eight questions, where GDP = gross domestic product. Public Debt over Time 2001 2011 Debt GDP Debt GDP $0.6 trillion $1.0 trillion $0.9 trillion $1.5 trillion $1.5 trillion $1.2 trillion $0.1 trillion $0.2 trillion $0.2 trillion $0.7 trillion $0.7 trillion $1.5 trillion $1.8 trillion $2.0 trillion $1.7 trillion $1.6 trillion $0.1 trillion $0.3 trillion $0.4 trillion $1.4 trillion Canada France Italy Norway Australia According to the table, the country with the lowest average yearly budget deficit over the time period is O a) Australia. O b) France. Oc) Norway. O d) Italy. e) Canada.

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Chapter1: Making Economics Decisions
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Use the following table to answer the next eight questions, where GDP = gross
domestic product.
Public Debt over Time
2001
2011
GDP
$0.6 trillion $1.0 trillion
$0.9 trillion $1.5 trillion
$1.5 trillion $1.2 trillion
$0.1 trillion $0.2 trillion
$0.2 trillion $0.7 trillion
Debt
Debt
GDP
$0.7 trillion $1.5 trillion
$1.8 trillion $2.0 trillion
$1.7 trillion $1.6 trillion
$0.1 trillion $0.3 trillion
$0.4 trillion $1.4 trillion
Canada
France
Italy
Norway
Australia
According to the table, the country with the lowest average yearly budget deficit
over the time period is
O a) Australia.
O b) France.
Oc) Norway.
O d) Italy.
O e) Canada.
Transcribed Image Text:Use the following table to answer the next eight questions, where GDP = gross domestic product. Public Debt over Time 2001 2011 GDP $0.6 trillion $1.0 trillion $0.9 trillion $1.5 trillion $1.5 trillion $1.2 trillion $0.1 trillion $0.2 trillion $0.2 trillion $0.7 trillion Debt Debt GDP $0.7 trillion $1.5 trillion $1.8 trillion $2.0 trillion $1.7 trillion $1.6 trillion $0.1 trillion $0.3 trillion $0.4 trillion $1.4 trillion Canada France Italy Norway Australia According to the table, the country with the lowest average yearly budget deficit over the time period is O a) Australia. O b) France. Oc) Norway. O d) Italy. O e) Canada.
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