In 2009, the U.S. government spent $1.4 trillion more than it collected in taxes. This deficit was about:
A. 22% of the size of the U.S. GDP in 2009.
B. 26% of the size of the U.S. GDP in 2009.
C. 18 % of the size of the U.S. GDP in 2009.
D. 10% of the size of the U.S. GDP in 2009.
Answer:D
In 2009, the U.S. government spent $1.4 trillion more than it collected in taxes. This deficit was about:
A. 22% of the size of the U.S. GDP in 2009. B. 26% of the size of the U.S. GDP in 2009. C. 18 % of the size of the U.S. GDP in 2009. D. 10% of the size of the U.S. GDP in 2009.
Explanation: Type: Multiple Choice