Suppose that the annual federal deficit is 350 billion, Business Economics

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Suppose that the annual federal deficit is 350 billion

Suppose that the annual federal deficit is $350 billion. Gross Domestic Product 'GDP', a measure of the size of the economy is $14.5 trillion ($14,500 billion). Calculate the ratio between the deficit and GDP as a percentage rounded to one decimal place:

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Business Economics: Suppose that the annual federal deficit is 350 billion

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