Deficit, Debt, and GDP. Consider the following table showing past and projected federal revenue, spending, and GDP. All figures are in billions of dollars rounded to the nearest billion.
Year | Surplus/Deficit | Debt | GDP |
2000 | 236 | 5500 | 9821 |
2009 | -1412 | 12,000 | 13,937 |
2017 (projected) | -480 | 19,500 | 20,000 |
Find the deficit/surplus and debt as a percentage of GDP in 2000 and 2009. Comment on the changes.
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