Refer to the figure from the World View to answer one question. Saudi Arabia United States China South Africa Japan France U.K. Mexico Italy Canada BUDGET DEFICIT (-) (percentage of GDP) 0-1-2-3-4-5-6-7-8-9 What country had the largest budget deficit (as a percentage of GDP) in 2018? O France O Mexico O United Kingdom O Saudi Arabia O Japan O South Africa O Italy O United States O Canada O China 4

Refer to the figure from the World View to answer one question. Saudi Arabia United States China South Africa Japan France U.K. Mexico Italy Canada BUDGET DEFICIT (-) (percentage of GDP) 0-1-2-3-4-5-6-7-8-9 What country had the largest budget deficit (as a percentage of GDP) in 2018? O France O Mexico O United Kingdom O Saudi Arabia O Japan O South Africa O Italy O United States O Canada O China 4

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter31: The Impacts Of Government Borrowing

Section: Chapter Questions

Problem 2SCQ: Assume an economy has a budget surplus of 1,000, private savings of 4,000, and investment of 5,000....

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