Business, 14.12.2020 02:40 officialrogerfp3gf2s
Instructions: Enter your responses as a whole number.
The federal deficit fell from $1,300 billion in 2011 to $680 billion in 2013. How much of this change was due to
a. The growing economy?
This
cyclical
component accounted for a change of $
billion in the budget balance.
b. Fiscal restraint?
This
structural
component accounted for a change of $
billion in the budget balance.
Answers: 3
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