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Using only websites ending in .gov, report the current GDP, the current Federal deficit, the current...

  • 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, 2018 - September 31, 2019.
  • What inference can you draw from the numbers collected?
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Answer #1

We use the website of the Congressional Budget Office & Bureau of Economic Analysis

The current dollar GDP is $20.66 trillion.

The deficit for 2018 is 804 billion dollar and 2019 is 981 billion dollars

The gross federal debt is 21375 billion dollar

Shortage for 2018 is 804 billion dollar and for 2019 it is 981 billion dollars

The inference of this is that the public debt is increasing to unsustainable basis and this pose a great risk to the sustainable growth of the economy.

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