Use the data related to cyclical vs. structural budget balances (in billions of dollars) to answer one question. Budget Balance Cyclical Component 236 58 128 -1 -158 -83 -378 -107 -413 -58 -318 -20 -248 11 -161 17 -459 -26 -1,413 -251 -1,294 -300 -1,300 -264 -1,087 -208 -680 -207 -485 -168 -439 -86 -585 -76 -53 11 53 -403 Fiscal Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 -665 -779 -984 -3,310 Structural Component 178 129 -75 -271 -355 -298 -259 -178 -433 -1,162 -994 -1,036 -879 -473 -317 -353 -509 -612 .-790 -1,037 -2,907 Instructions: Enter your response as a whole number. From 2010 through 2020, in how many years was fiscal restraint initiated? year(s)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
### Cyclical vs. Structural Budget Balances

The data presented details the cyclical and structural components of budget balances for the fiscal years 2000 to 2020, in billions of dollars.

| Fiscal Year | Budget Balance | Cyclical Component | Structural Component |
|-------------|----------------|--------------------|-----------------------|
| 2000        | 236            | 58                 | 178                   |
| 2001        | 128            | -1                 | 129                   |
| 2002        | -158           | -83                | -75                   |
| 2003        | -378           | -107               | -271                  |
| 2004        | -413           | -58                | -355                  |
| 2005        | -318           | -20                | -298                  |
| 2006        | -248           | 11                 | -259                  |
| 2007        | -160           | 18                 | -178                  |
| 2008        | -458           | -26                | -433                  |
| 2009        | -1,411         | -249               | -1,162                |
| 2010        | -1,293         | -300               | -994                  |
| 2011        | -1,134         | -98                | -1,036                |
| 2012        | -1,090         | -211               | -879                  |
| 2013        | -680           | -207               | -473                  |
| 2014        | -564           | -247               | -317                  |
| 2015        | -439           | -86                | -353                  |
| 2016        | -585           | -76                | -509                  |
| 2017        | -665           | -55                | -612                  |
| 2018        | -896           | -176               | -720                  |
| 2019        | -984           | 53                 | -1,037                |
| 2020        | -3,310         | 403                | -2,907                |

### Instructions:
Enter your response as a whole number.

**Question:** From 2010 through 2020, in how many years was fiscal restraint initiated?

**Answer Box:**
Transcribed Image Text:### Cyclical vs. Structural Budget Balances The data presented details the cyclical and structural components of budget balances for the fiscal years 2000 to 2020, in billions of dollars. | Fiscal Year | Budget Balance | Cyclical Component | Structural Component | |-------------|----------------|--------------------|-----------------------| | 2000 | 236 | 58 | 178 | | 2001 | 128 | -1 | 129 | | 2002 | -158 | -83 | -75 | | 2003 | -378 | -107 | -271 | | 2004 | -413 | -58 | -355 | | 2005 | -318 | -20 | -298 | | 2006 | -248 | 11 | -259 | | 2007 | -160 | 18 | -178 | | 2008 | -458 | -26 | -433 | | 2009 | -1,411 | -249 | -1,162 | | 2010 | -1,293 | -300 | -994 | | 2011 | -1,134 | -98 | -1,036 | | 2012 | -1,090 | -211 | -879 | | 2013 | -680 | -207 | -473 | | 2014 | -564 | -247 | -317 | | 2015 | -439 | -86 | -353 | | 2016 | -585 | -76 | -509 | | 2017 | -665 | -55 | -612 | | 2018 | -896 | -176 | -720 | | 2019 | -984 | 53 | -1,037 | | 2020 | -3,310 | 403 | -2,907 | ### Instructions: Enter your response as a whole number. **Question:** From 2010 through 2020, in how many years was fiscal restraint initiated? **Answer Box:**
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Government Policy
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education