196719781984199920092018Tax receipts108280410117511241956Other receipts3814430273211161542Government purchases and subsidies921733175019931121Government transfer payments5223439798621412846Interest payments2279194352355541Net government investment9525-3494Nominal GDP8602,3524,3399,63114,44920,580 Of the years included, in which did the federal government run a budget surplus? Of the years included, when was the deficit relative to GDP the greatest?

Analysing the periods when the public administration was having a budget surplus implies finding the…

Answered: 1967 1978 1984 1999 2009 2018 Tax…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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	1967	1978	1984	1999	2009	2018
Tax receipts	108	280	410	1175	1124	1956
Other receipts	38	144	302	732	1116	1542
Government purchases and subsidies	92	173	317	501	993	1121
Government transfer payments	52	234	397	986	2141	2846
Interest payments	22	79	194	352	355	541
Net government investment	9	5	25	-3	49	4
Nominal GDP	860	2,352	4,339	9,631	14,449	20,580

Of the years included, in which did the federal government run a budget surplus?

Of the years included, when was the deficit relative to GDP the greatest?

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