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Complete the following homework scenario:
- Using only.gov Websites report the current GDP, the current Federal deficit, the current Federal debt, and the bottom line of the current (last) budget approved by Congress (surplus or shortage). Note that the fiscal year for the federal government is October 1 – September 31.
- What inference can you draw from the numbers collected?
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Surname 1
Current GDP_$19,377.2 billion million (Bearuea of Economic Analysis)
Current federal deficit is_ -$693 Billion (Cbo.gov)
Current public debt_ $14.7 Trillion (Cbo.gov)
The bottom line for the United States 2017 budget was a deficit.
These figures display the health of the economy of the country in part. For example, the
figure depicting the GDP shows that the total produce from the country. It is an amount that is
relevant in the comparison between the economies of countries. It shows that ...
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