Suppose that the office of management and budget provides the accompanying estimates of federal budget receipts, federal budget spending, and gdp, all expressed in billions of dollars. calculate the implied estimates of the federal budget deficit as a percentage of gdp for each year. (enter each response as a percentage rounded to one decimal place. do not include a plus or minus sign.) year federal budget receipts (22% growth) federal budget spending (33% growth) gdp (22% growth) deficit as a % of gdp

Explanation:

1. Deficit = fed receipts - fed spending

= 2329.8 - 2682.6 = $ 352.8

GDP = 14573.2

Deficit as a % of GDP = 352.8 / 14573.2) * 100 = 2.42%

2. DEFICIT = 2736.3 - 2446.3 = $290

As a % of GDP = 290 / 14573.2)*100 = 1.98%

3. Deficit = 2791 - 2568.6 = $222.4

As a % of GDP = 222.4 / 14573.2)*100 = 1.52%

4. Deficit = 2846.8 - 2697 = $149.8

As a % of gdp = 149.8/ 14573.2 ) *100 = 1.02%

match each type of restriction with one of its effects.

a. land-use laws

b. labor laws

c. banking regulations

a. controlled development of towns and cities

b. protection of young workers

c. greater financial stability

government control and resources