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MUST ADD A TITLE PAGE!! AND BE AS MANY SENTENCES AS POSSIBLE THANKSDS,
Complete the following homework scenario:
- Using only websites ending in .gov, 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?
Explanation & Answer
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Gross Domestic product
“Gross domestic product is a nation’s output of goods and services achieved over a specified
period” (Melicher, Norton, 2011). According to the Federal Reserve Bank of St. Louis, as of the
third quarter of December 2015, the gross domestic product is slightly over 18 billion dollars.
Which is a decrease f...
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