naFurmPeraytr naFurmPeraytr
  • 09-11-2016
  • Business
contestada

What would happen to the budget deficit if the (
a. gdp growth rate jumped from 2 percent to 4 percent?

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MissPhiladelphia
MissPhiladelphia MissPhiladelphia
  • 22-11-2016
Budget deficit is expressed in terms of monetary numbers or as a percentage of deficit to the gross domestic product (GDP). In other words, these two are inversely proportional. So, if the GDP growth rate increases from 2 to 4 percent, thus there is less budget deficit.
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