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Check my work mode : This shows what is correct or incorrect for the work you ha Cyclical Component Structural Component 178

Instructions: Enter your responses as a whole number. How much fiscal stimulus or restraint occurred between a. 2003 and 2004

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Answer 1

Answer #1

Since between 2003 and 2004, we see the fiscal balance increased in 2004 from 2003 causing fiscal stimulus of = - 378- (-413)= - 378+413= 35 billion which is fiscal stimulus.

Similarly between 2011 and 2012 we see fiscal balance of = - 1300-(-1087)= - 1300+1087= - 213 billion which is fiscal restraint.

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