Since actual budget deficits surpassed 10 percent of gdp in, Ask an Expert

Economics

Since actual budget deficits surpassed 10 percent of GDP in 2009:

1. deficits as a percentage of GDP have remained constant but risen in dollar amounts.

2. the deficits as a percentage of GDP have fallen, but fiscal policy has remained expansionary.

3. deficits as a percentage of GDP have continued to rise.

4. fiscal policy has become contractionary.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91233304

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